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Partner Communications Company Ltd. (PTNR)

  • May. 13, 2013, 1:32 PM
    Israeli carrier Cellcom (CEL -5%) dives after missing Q1 estimates, and takes rival Partner (PTNR -4.3%) down with it. An intense price war sparked by the arrival of 6 new carriers led Q1 revenue to fall 20.6% Y/Y, and the company's subscriber base to fall 5.7% Y/Y to 3.17M. The slump has led Cellcom to suspend its dividend. It expects revenue to fall again in Q2, albeit at a "more moderate rate than experienced in previous quarters." Meanwhile, financing costs are expected to rise, thanks to high inflation. SG&A spend fell 18% Y/Y in Q1, as Cellcom continues reaping synergies from its 2011 merger with NetVision. (transcript)
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  • Aug. 14, 2012, 6:26 AM
    Partner Communications (PTNR) declares $0.26/ADS semi-annual dividend, Payable Sep 11. (PR)
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Company Description
Partner Communications Company Ltd., is a GSM mobile telephone network operator in Israel. Its offers cellular, fixed-line telecommunication services, internet & 3G, among others under the orange brand.
Sector: Technology
Country: Israel