Mobile Edition
Print
Get the Mag
Weekly UpdatesInternet Gold (NASDAQ: IGLD), Petach Tivka, Israel, is ahead of its original plans for its new 015 international telephony services. Launched in the third quarter of 2004, this new activity was originally budgeted to begin yielding operational profits after two full quarters of operations in the first quarter of 2005. Internet Gold estimates that the 015 activity reached operational profitability in the fourth quarter of 2004.
The company has recently commenced offering prepaid and post-paid telephony services that are expected to contribute to its market share of international telephony services.
Eli Holtzman, Internet Gold CEO added: "I am very pleased and proud of my team that was successful in leading this important new addition to our other growth drivers to positive EBIT in less than five months of operations. We succeeded in our main goal by being the first new competitor to join the international telephony market. As I earlier emphasized, we have leveraged our synergistic resources to launch this new activity in a very cost effective manner. The earlier than expected positive results is just another proof of the soundness of our strategy. I trust that our group will return to its traditional positive profitability levels already in this last quarter of 2004."
About Internet Gold
Internet Gold is a communications company that provides Internet access and related value-added services, international telephony, e-advertising, content and e-Commerce services throughout Israel to both residential and business customers.
Internet Gold's operations are carried out through four subsidiaries. Its fully-owned subsidiary Internet Gold International specializes in the provision of international Internet and communication services. Its fully-owned subsidiary Gold Mind focuses on the provision of Internet value-added services. Through MSN Israel, its joint-venture with Microsoft Corp., the company operates two of Israel's leading Internet portals, MSN-Israel and Start.co.il. Through P1000, its e-Commerce activity, the company has established itself as one of Israel's leading e-Commerce providers.
For more information, visit http://www.igld.com.
FEED