Mizrahi will remain CEO until a replacement is found, the statement said.
Last month, Bezeq reported a net profit of 256 million shekels ($78.29 million) for the October-December 2021 quarter, excluding one-time items, down from 277 million shekels a year earlier. Revenue rose 2.5% to 2.26 billion shekels.
For 2022, Bezeq has forecast adjusted net profit of 1 billion-1.1 billion shekels, compared with 1.15 billion in 2021. It estimates adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 3.6 billion-3.7 billion shekels, versus 3.76 billion last year.
($1 = 3.2698 shekels)
(Reporting by Jeffrey Heller; Editing by Susan Fenton)