Bezeq Israel Telcm Un/Adr (BZQIY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone, and thank you for joining us on BEZEC's fourth quarter and full year 2025 earnings call. I am Yochai Benitez, CEO of the BEZEC Group. Joining me today are Mr. Tom El-Raved, BEZEC Executive Chairman, Mr. Nir David, CEO of BEZEC Fixed Line, and Mr. Ilan Sigal, CEO of Peloponnese. Before we begin, please review the Safe Harbor Statement on slide 2 of our presentation, which applies to any statement made during today's call. We will start with Tomer's opening remarks, then I will review the group's financial highlights, followed by Nir on Fixline and Ilan on Peloponnese. I will then cover Bevec International. Next, we will be presenting our business strategy update. Each one of us will walk you through the key initiatives and targets for the group. Following our prepared remarks, we will open the call for Q&A. With that, let me turn the call over to Tomer for his opening remarks. Thank you, Yochai. I am glad to see all of you joining us today. Our excellent results demonstrate the strength and resiliency of our group and the remarkable execution of our strategy. We surpassed 1 million fiber customers in Bellvec Fixed Line, and we are leading the infrastructure market with fiber deployment. Pellephone delivered its strongest year in a decade, and yes, completed an impressive financial turnaround. These achievements enabled us to launch our first-ever share buyback program, in addition to our existing dividend policy of distributing 80% of net profit, totaling to 700 million shekels. This move reflects confidence in our ability to generate strong and going free cash flow in the years ahead. Once again, we demonstrated the critical importance of having a strong and reliable telecom infrastructure for the State of Israel, especially considering the current...