Partner Communications Company Ltd. (PTNR) - NASDAQ
  • 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)

    | May 13, 2013, 1:32 PM
  • Aug. 14, 2012, 6:26 AM
    Partner Communications (PTNR) declares $0.26/ADS semi-annual dividend, Payable Sep 11. (PR)
    | Aug. 14, 2012, 6:26 AM
Company Description
Partner Communications Co. Ltd. engages in the provision of communication services under the Orange and 012 Smile brands. It operates through the Cellular and Fixed-line segments. The Cellular segment offers cellular communication services such as airtime calls, international call, messaging,... More
Sector: Technology
Industry: Wireless Communications
Country: Israel