Yes Slices First Quarter Loss In Half

By | May 31, 2007 | Middle East & Africa, ST Briefs

Israeli direct-to-home operator Yes has seen slow subscriber growth throughout the past 12 months, but reduced its overall losses.

Yes had 542,000 subscribers at the end of March, an increase of less than 3 percent compared to the same period in 2006, according to Bezeq, an Israeli telco which owns nearly 50 percent of Yes.

The operator’s net loss fell to 48 million shekels ($11.9 million) in the first three months of the year, down nearly 50 percent from 2006.

Revenues showed steady growth, with first quarter revenues reaching 354 million shekels ($88 million) for an increase of 6.5 percent over the previous year.

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