Revenue distribution by industry:

• Landline telephony: 30%
• Mobile communications: 25%
• Internet services: 20%
• Television: 15%
• Other services: 10%

TOP 3 markets and their percentage shares:

1. Israel: 85%
2. USA: 10%
3. Europe: 5%

Bezeq The Israel Telecommunication Corp. Ltd generates the majority of its revenue from the Israeli market, which is attributed to its strong market presence and established infrastructure in the region. The USA and Europe are also important markets, but with significantly lower shares, indicating specific services and partnerships in these regions.

The revenue distribution by industry shows a diversification of income sources, with traditional telecommunications services such as landline telephony and mobile communications still accounting for significant shares. Internet services and television complement the portfolio and contribute to the company's stability.

Production Sites: Mainly in Israel

Bezeq The Israel Telecommunication Corp. Ltd is the leading telecommunications company in Israel. It offers a wide range of services, including landline telephony, internet, and digital TV services. As Bezeq primarily operates as a service provider and does not produce physical products in the traditional sense, its operational activities are focused on the Israeli market.

The infrastructure and services are mainly developed and provided within Israel, which means that "production" in terms of network infrastructure and service provision is done locally.

Strategic Growth Areas:

• Investments in Fiber Optic Networks
• Expansion of the 5G Network
• Digitalization and Technology Services

Bezeq The Israel Telecommunication Corp. Ltd focuses on expanding its infrastructure, particularly through investments in fiber optic technology. This enables faster internet connections and improves network coverage, which is crucial for competitiveness in the telecommunications sector.

Additionally, the company is focusing on expanding its 5G network to meet the increasing demands for mobile data. These investments are part of a comprehensive strategy to offer state-of-the-art communication solutions to both private and business customers.

Another focus is on digitalization and the provision of technology services. Bezeq plans to unlock new revenue streams and strengthen customer loyalty through innovative digital solutions and services. This includes the development of cloud services and IoT solutions tailored to the needs of the digital economy.

Main Imported Materials: Fiber optic cables, telecommunications equipment, electronic components

Countries of Origin: China, USA, Germany

Bezeq The Israel Telecommunication Corp. Ltd mainly imports fiber optic cables, telecommunications equipment, and electronic components necessary for the expansion and maintenance of their network infrastructure.

China is one of the leading suppliers of fiber optic cables and electronic components due to the cost-effective production and high availability of these materials. The USA and Germany supply specialized telecommunications equipment required for advanced network technologies.

These imports are crucial for maintaining and expanding Bezeq's telecommunications infrastructure to meet the increasing demands for data transmission and network capacity.

Market share in the telecommunications sector: approximately 35% (2024, estimated)
EBITDA margin: 39% (2024, estimated)
Investments in infrastructure: 1.2 billion ILS (2024, estimated)

Bezeq The Israel Telecommunication Corp. Ltd. holds a significant market share in the Israeli telecommunications sector, indicating a strong market position. The company's competitive advantage stems primarily from its comprehensive infrastructure and wide range of services, encompassing both fixed-line and mobile communication.

The EBITDA margin of around 39% demonstrates an efficient cost structure and the ability to generate high profits from revenues. This is an indicator of the company's competitiveness, especially when compared to other providers in the region.

In addition, Bezeq continuously invests in improving and expanding its infrastructure, laying the foundation for future growth and maintaining its competitive edge. These investments are crucial for securing technological superiority and expanding the customer base.

Institutional Investor Share: 45% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Bezeq is approximately 45%, indicating a strong confidence from institutional investors in the company's long-term stability and growth potential. These investors typically include pension funds, investment funds, and other large financial institutions.

In 2024, there were no significant insider transactions, suggesting that the management and other insiders did not make any significant changes to their holdings. This could be seen as a sign that the management is satisfied with the current company strategy and future prospects.

Market share of Bezeq: 35% (2025, estimated)

Top competitors and their market shares:

1. Cellcom Israel Ltd: 25%
2. Partner Communications Company Ltd: 20%
3. HOT Telecommunication Systems Ltd: 15%
4. Golan Telecom: 5%
5. Xfone: 3%
6. Other smaller providers: 2%

Bezeq's economic moat:

Bezeq has a significant economic moat characterized by several factors. Firstly, the company has an established infrastructure that enables it to offer services efficiently and cost-effectively. This infrastructure is difficult to replicate and serves as a high barrier to entry for new market participants.

Secondly, Bezeq benefits from strong brand recognition and customer loyalty in Israel, making it easier for the company to maintain and expand its market position.

Compared to competitors, Bezeq has the advantage of having a diversified service portfolio that includes both fixed-line and mobile services. This allows for better customer retention and cross-selling opportunities.

However, some competitors, especially Cellcom and Partner Communications, have made significant investments in technology and customer experience in recent years, enhancing their competitiveness. These companies are striving to gain market share through innovative offerings and aggressive pricing models.

Overall, Bezeq has a strong economic moat, but competition remains intense, and competitors are continuously investing to enhance their market positions.

Revenue Growth: 3.5% (2024) Net Income Growth: 4.2% (2024) Market Share in the Telecommunications Sector Israel: 40% (2024)

Bezeq The Israel Telecommunication Corp. Ltd recorded a moderate revenue growth of 3.5% in 2024. This reflects stable demand in the Israeli telecommunications market, where Bezeq holds a significant market share of approximately 40%. The company was also able to increase its net income by 4.2%, indicating efficient cost control and operational improvements.

Bezeq continuously invests in expanding its infrastructure, particularly in the areas of fiber optics and 5G technology. These investments are crucial to secure competitiveness and enable future growth. Additionally, Bezeq benefits from a strong market position and an established customer base, providing a certain stability in a rapidly changing market environment.

Overall, the financial stability and strategic direction of the company suggest that Bezeq represents a solid investment opportunity. However, potential investors should also consider the regulatory risks and competition in the Israeli telecommunications market.

Dividend Yield: 4.5% (2025)

Bezeq The Israel Telecommunication Corp. Ltd paid out a dividend yield of 4.5% in 2025. The company has a history of regularly paying dividends, indicating a certain reliability in its payouts.

Bezeq is known for its stable market position in the Israeli telecommunications sector, which contributes to the consistency of dividend payments. The company's financial stability and ability to generate profits continuously support its dividend policy. Analysts expect Bezeq to be able to maintain dividends at a similar level in the coming years, provided there are no significant market changes or economic challenges.