Bezeq's core business suffered serious setbacks in the second quarter, and competition is expected to heat up later this year. But the company's landline operations weren't hit as badly as expected, and Bezeq's key competitors probably did worse. As reported in TheMarker on Friday, Bezeq's second-quarter net profit dropped more than 29% to NIS 415 million. Taking a closer look, it's clear that the biggest blow at landline was a sharp drop in cash flow. The group's main cash generator provided between NIS 210 million and NIS 430 million during each of the last six quarters in free cash flow. In the second quarter, cash from operating activities less net investments fell to just NIS 160...
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