The Minister of Finance has signed an order that will lead to a 40% reduction in the prices of landlines

Last night (Wednesday), the Minister of Finance signed an order that will reduce the rates for home telephone service in the Bezeq network. The move is expected to lower consumer tariffs by about 40%, save the public about NIS 400 million a year and reduce the monthly payment of telephone subscribers from NIS 50-60 to an average of NIS 30-40. This is an average annual saving of hundreds of shekels for a household and especially for the elderly population who make increased use of the home telephone.

Today, Bezeq tariffs are fixed tariffs that stand at 49.5 NIS usage fee, call to landline at 6 ag per minute and mobile 11 ag per minute (without VAT"M). The reduction process will take place in two stages: In the first stage, the regular monthly payment will be reduced to NIS 35 (including VAT)."M) and call minute rates will not change. In the second stage, the fixed payment will be 24.36, including VAT"From (20.82 NIS without VAT"M), and call rates will change as follows – a call to a stationary 1.4 ag per minute and a mobile 7.4 ag per minute (without VAT"M). These rates will be set as maximum consumer prices. The first phase will begin on April 1, 2022, and the second phase will begin on July 1, 2023.

The reduction comes as a result of the need to update the mechanism and adapt it to today’s competitive market conditions in the communications industry.

The Minister of Finance, Avigdor Lieberman, said: “After 18 years in which the tariffs have not been updated, we are lowering the tariffs for the consumer by about 40%, and saving the Israeli public about NIS 400 million a year. This is a step that will benefit mainly the elderly population and that joins a series of steps we have taken in recent months, such as raising the income supplement allowance, lowering the management fee for pension savers, and more. “

Photo: freepik

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