Wed, Aug. 13, 6:06 AM
Wed, May. 14, 6:47 AM
Thu, Apr. 17, 5:47 PM
- Citing telecom industry sources, Globes reports Cellcom (CEL) plans to launch an Israeli pay-TV service in four months. Ahead of the launch, the mobile carrier has expanded an internal trial, and reportedly ordered new HD set-tops.
- Globes cautions Cellcom continues to insist it won't launch a TV service unless it can obtain lower infrastructure prices from local telecom giant Bezeq (BZQIF). Bezeq, which competes against both Cellcom and Partner Communications (PTNR), will soon be able to offer bundled telecom service plans.
- The report follows a December quarter in which Cellcom's service revenue fell 13% Y/Y, and its EBITDA 24%, due to intense mobile price competition.
Mon, Mar. 10, 6:11 AM
Nov. 19, 2013, 6:29 AM
Aug. 28, 2013, 9:09 AM
- Shares of Partner Communications (PTNR) are down 1.4% PM following the company's Q2 results.
- Opex fell 16% Y/Y to $241M, lagging revenue decline of 21% to $312M.
- Adjusted EBITDA fell 34% Y/Y to $77M. EBITDA margin slid 5% to 25%.
- FCF of $79M fell 8% Y/Y.
- Cellular ARPU slid 18% Y/Y to $23. Cellular subscriber base was down 6% Y/Y to 2.92M. Price erosion is attributed by management to "increased competition due to the entry of ... new operators and MVNOS." (PR)
- PTNR has been under pressure this week as the Syrian situation escalates and after rival Cellcom reported depressed Q2 results last week. The stock is down 14.5% in the last week but remains up 16.5% YTD.
Aug. 28, 2013, 6:42 AM| Comment!
Aug. 27, 2013, 2:16 PM
- Israeli telco Partner Communications (PTNR -7.5%) is sliding after gapping down for the second day in a row on no specific news. It is set to announce Q2 results on Aug. 28.
- Likely to blame? Rival Cellcom Israel's Q2 results missed on revenues by an ell due to price wars caused by new market entrants. The two stocks have moved in near-perfect tandem since 2008.
- The plunge in Israeli stocks following U.S. escalation over Syria isn't helping either.
May. 13, 2013, 1:32 PMIsraeli 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) | Comment!
Feb. 27, 2013, 6:23 AM
Dec. 19, 2012, 12:45 PM
Dec. 19, 2012, 9:10 AM
Dec. 4, 2012, 11:43 AM
Dec. 3, 2012, 12:58 PMMedia magnate Haim Saban has finally reached a deal to buy a controlling stake in Israeli carrier Partner (PTNR -1.6%): Saban Capital will pay holding company Scailex 250M shekels ($65M) and assume a $300M loan in exchange for a 30.7% stake. Scailex, which has been looking to sell a large chunk of its stake for at least 10 months, will continue to own 13.8% of Partner. | Comment!
Oct. 23, 2012, 12:45 PM
Oct. 15, 2012, 12:18 PMIsraeli carrier Partner Communications (PTNR +4.7%) rallies on news holding firm Scailex is in talks with media magnate Haim Saban about selling its stake in Partner: one report claims Saban will acquire a 35%-40% stake for $400M-$450M through a multi-stage deal. Rival Cellcom (CEL +5.3%) is also higher. (previous) | Comment!
PTNR vs. ETF Alternatives
Other News & PR