Israeli DTH operator Yes posted modest increases in revenues, operating profit and subscriber numbers in its second quarter results. The pay TV operator, which is backed by Israeli state telco Bezeq, reported 582,000 subs at the end of the quarter, a small increase on the 581,000 recorded at the same point last year, but down on the 585,000 subs Yes had at the end of the first quarter.
Quarterly revenues were NIS409 million (€82.8 million), a 1.2% increase year-on-year and operating profit was NIS74 million, a 14% uptick.
Yes CEO Ron Elion said that the regulatory landscape in Israel was adversely impacting Yes’s performance. He said: “The regulatory imbalance in the multichannel television market as it relates to yes is reflected once again in our financial results. I hope and believe that these imbalances will be corrected by means of fair and equitable legislation applicable to all the players, both existing and new, and will enable our customers to enjoy a free and competitive market.”
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