Israeli telco Bezeq has released its financial results for the financial year ended 31 December 2011, revealing a 5.1% year-on-year drop in net profit to ILS11.37 billion (USD3 billion), with the operator saying that the decline was predominantly the result of sharp reductions in mobile termination rates (MTRs), which were in turn partially offset by increased handset sales and continued growth from internet and data services.
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OVETEL Bezeq cites MTR reductions as primary driver for revenue declines in 2011
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