Partner Communications Company Ltd.NASDAQ
Wed, Nov. 23, 5:11 AM
Wed, Sep. 14, 2:45 PM
- Israeli telecoms have been hit with a purported class action suit charging them with levying excessive and unreasonable prices for calling out of Israel.
- In separate confirmations, each of Cellcom (CEL -0.6%), Partner Communications (PTNR +0.8%) and Bezeq (OTCPK:BZQIY +0.8%) said it and "two other" telecoms were targets of the action.
- The plaintiffs haven't estimated what damages might be, and the action filed in the Central District Court is still in a preliminary stage.
Mon, Sep. 12, 11:00 AM
- Israel's Partner Communications (PTNR +0.5%) is heading into the TV service market early next year and taking steps accordingly.
- The move's in line with a broader telecom strategy it's pursuing, the company says. It had discussed plans to follow competitor Cellcom (CEL +2.5%) and get into TV back in February, when it cut ties to France's Orange and rebranded its services under its own name.
- Partner expects that Israeli government agencies will keep working to remove barriers in broadcasting. Cellcom launched a pay TV/VOD service in December 2014.
Wed, Aug. 17, 10:55 AM
- Partner Communications (NASDAQ:PTNR) is up 2.1% now after reporting Q2 earnings where revenues and EBITDA fell, but the company raised net profits as operating expenses declined.
- Revenues dropped 14% and operating expenses of 572M shekels were down 5%, in part due to a network sharing agreement with Hot Mobile.
- EBITDA of 228M shekels (about $59M) was down 3%; profits of 26M shekels (about $7M) rose 189%.
- Revenue breakout: Service revenues, 692M shekels (down 9%); Equipment revenues, 205M shekels (down 29%).
- Churn rate for cellular subscribers fell to a still-high 9.8% from the prior year's 10.9% and the previous quarter's 11.2%. The subscriber base declined by about 2%, to 2.7M; cellular ARPU was NIS 65 (about $17), down 7%.
- Press Release
Wed, Aug. 17, 5:27 AM
Thu, Jul. 21, 10:36 AM
- Cellcom Israel (NYSE:CEL) has taken a sharp turn into the red in U.S. trading, down 1%, following news that it got a temporary injunction it sought in the quest to acquire Golan Telecom.
- The injunction freezes an agreement signed by Golan Telecom and Hot Mobile, which Cellcom argued violated its agreement to acquire Golan.
- Cellcom will deposit a bond of 200K shekels to cover damages in case the court rules for Golan.
- Also today in Israel telecom: PTNR -2.5%; OTCPK:BZQIY -0.9%; BCOM -0.9%.
Mon, May 23, 1:46 PM
- In contrast to its rival Cellcom, Israel's Partner Communications (NASDAQ:PTNR) is off 4.3% in U.S. trading after releasing Q1 results where revenue fell 7% and missed expectations.
- It was the first quarter after the company parted ways with Orange and began marketing its offerings under its own Partner brand.
- Profits fell 44%, and EBITDA of 222M shekels fell 2% as well, but beat an expected 195M shekels.
- Revenue breakout: Service revenues, 710M shekels (down 6%); Equipment revenues, 267M shekels (down 9%).
- Cellular ARPU fell 3% to 67 shekels (about $18).
- Free cash flow of 114M shekels was up sharply from a year-ago 21M shekels.
Mon, May 23, 4:16 AM
- Partner Communication (NASDAQ:PTNR): Q1 EPS of NIS0.09
- Revenue of NIS977M (-7.0% Y/Y)
Wed, Apr. 20, 11:57 AM
- Partner Communications (PTNR +0.6%) is still buying back notes, now repurchasing a set of Series C Notes.
- The company bought 54.135M at par value for a total amount of 61.5M shekels (about $16.4M).
- As in all the buybacks, the company will delist them from trading. It's part of a fall authorization to buy back B, C, and E notes throughout 2016.
- Now read 2016 Might Be A Good Time To Invest In Israel »
Tue, Mar. 29, 10:44 AM
- Partner Communications (PTNR +4.5%) has added to an ongoing notes buyback with a new purchase of Series E Notes.
- The company repurchased just over 14.1M at par value for a total amount of 15.1M shekels (about $3.95M).
- As with other notes bought back, Partner is delisting them from trading.
- Previously: Partner buys back notes to delist (Mar. 22 2016)
Wed, Mar. 23, 6:39 PM
- Partner Communications (PTNR +0.9%) has followed a recent buyback of its notes with more buybacks today.
- The company repurchased series B and series E notes in a total of NIS 37.3M (about $9.7M). It'll follow up by acting to delist the notes from trading.
- Yesterday it bought back B and E notes in an aggregate of NIS 136M. The moves are part of a fall authorization where it planned to buy back series B, C, and E notes up to NIS 250M (about $65M) that expires this October.
Tue, Mar. 22, 10:12 AM
- Following on previous plans, Partner Communications (PTNR +1.8%) says it's bought back debt and will delist it from trading.
- The company had authorized a plan where it would buy back series B, C and E notes up to NIS 250M (about $65M), until Oct. 19, 2016.
- It's executed a repurchase of an aggregate of NIS 136M ($35.4M) worth -- NIS 36M of series B notes, and NIS 100M of series E notes.
Mon, Mar. 14, 10:14 AM
- Partner Communication (NASDAQ:PTNR) is off 1.1% after Q4 results where revenues declined across the board and it swung to a loss on a one-time charge.
- The company took a impairment charge tied to its fixed-line segment that had an impact of 98M shekels (about $25.2M) on operating profit, and NIS 72M ($18.5M) on profit.
- It posted a loss of NIS 65M; excluding the 72M effect, it earned NIS 7M, down 71% Y/Y. EBITDA fell 13% to NIS 217M.
- Revenue breakout: Service revenues, NIS 716M (down 11%); Equipment revenues, NIS 291M (down 3%).
- The company added 24,000 postpaid cellular subscribers, and lost 143,000 net prepaid subscribers. Overall cellular subscriber base fell 4% to 2.72M. Cellular ARPU dropped 6% to NIS 67.
- Conference call link
Mon, Mar. 14, 4:37 AM
- Partner Communication (NASDAQ:PTNR): Q4 EPS of -NIS0.42
- Revenue of NIS1B (-9.9% Y/Y)
Mon, Feb. 22, 10:35 AM
- Partner Communications (NASDAQ:PTNR) has noted two changes to its board: Sumeet Jaisinghani resigned his director's seat this week under normal circumstances. He had served on behalf of S.B. Israel Telecom, Partner's principal shareholder.
- The following day, S.B. Israel Telecom nominated Barak Pridor to the seat and the company appointed him to the board. Pridor -- formerly CEO of Clearforest and a senior VP at Thomson Reuters -- will serve as director until the company's annual general meeting.
Wed, Feb. 17, 7:38 PM
- Partner Communications (PTNR +1.3%), fresh off its new rebranding approach after separating from Orange, says its employees committee and Histadrut claimed a deadlock and declared a labor dispute today.
- That starts a 15-day timetable that could end in a strike or sanctions.
- The employees' representative committee and the union said they are at a deadlock in negotiating an initial collective employment agreement on Partner's terms and policies.
- Previously: Partner cuts ties to Orange, launching new brand (Feb. 16 2016)