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Partner Communications Company Ltd. (PTNR)

  • Wed, May 20, 11:38 AM
    • Partner Communications (NASDAQ:PTNR) is trading down 1.3% after Q1 profits fell 52% Y/Y and missed expectations.
    • Total revenues declined 4% as a slide in service revenues was partly offset by higher equipment sales. Breakouts: Service revenues of NIS 759M ($191M), down 13%; Equipment revenues of NIS 295M ($74M), up 30%.
    • Cost of revenues was also up 2% as gross profit fell 27%.
    • Hot competition in Israel's telecom industry continues taking a toll: The company ended the quarter with 2.77M subscribers, a drop of 162K. Churn was up to 12.7% from Q4's 11.5%. Cellular ARPU was NIS 69, down 3% sequentially.
    • Free cash flow fell 86% to NIS 21M (about $5M), mainly due to increased capex along with EBITDA reduction.
    • Related stocks: Cellcom (NYSE:CEL) down 1.5%; Bezeq (OTCPK:BZQIY) down 0.2%.
    • Press Release
    | Comment!
  • Wed, May 20, 5:39 AM
    • Partner Communication (NASDAQ:PTNR): Q1 EPS of $0.04
    • Revenue of NIS1.05B (-4.5% Y/Y)
    • Press Release
    | Comment!
  • Thu, May 14, 1:23 PM
    • Cellcom Israel (NYSE:CEL) is trading down 2.6% after Q1 earnings slid 77%, due in part to an extraordinary charge for voluntary retirement program.
    • But even without that charge, earnings fell 55%. Net income of NIS26M (about $7M) was down from the prior NIS114M ($29M). Revenues (about U.S. $267M) dipped more than 6% Y/Y as competition in the Israel wireless market continues to run hot.
    • EBITDA was NIS196M ($49M); excluding a one-time expense of NIS30M, EBITDA would be NIS226M ($57M). EBITDA margin was 18.5%, down from 30.1%.
    • Revenue by segment: Service revenues, NIS800M; Equipment revenues, NIS262M.
    • Cellular subscriber base was 2.885M at quarter's end.
    • Free cash flow of NIS127M ($32M), down 65% Y/Y.
    • Peer Partner Communications (NASDAQ:PTNR), which frequently moves in concert with Cellcom, is down 5%.
    • Press Release
    • Previously: Cellcom launching triple-play package in competitive Israel (May. 13 2015)
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  • Wed, Mar. 11, 10:29 AM
    • Israeli telecom Partner Communications (NASDAQ:PTNR) is trading down 2.8% after a Q4 report where it says that eroding profitability is likely to continue in 2015 amid a years-long price war in the market.
    • Earnings per share of 0.15 shekels missed expectations of 0.22 shekels and revenues were off slightly Y/Y as an increase in equipment sales only partly made up for a slide in service revenues.
    • By segment: Service revenues, NIS 808M ($208M, down 12%); Equipment revenues, NIS 300M ($77M, up 46%).
    • Adjusted EBITDA of NIS 249M ($64M) met expectations.
    • While equipment sales were up, profit margins on equipment were down due to chnage in product mix; "Going forward, profits from sales of equipment may continue to decrease," says CFO Ziv Leitman.
    • Price competition took its toll: Cellular ARPU was NIS 71, down 6.6%. Churn for cellular subscribers was 11.5%, down from Q3's 12%.
    • Press release
    | Comment!
  • Wed, Mar. 11, 6:04 AM
    • Partner Communication (NASDAQ:PTNR): Q4 EPS of NIS0.15
    • Revenue of $285M (-2% Y/Y)
    • Press Release
    | Comment!
  • Nov. 12, 2014, 6:49 AM
    • Partner Communication (NASDAQ:PTNR): Q3 EPS of $0.26
    • Revenue of NIS1.1B (-1.8% Y/Y)
    • Press Release
    | Comment!
  • Aug. 13, 2014, 6:06 AM
    • Partner Communications (NASDAQ:PTNR): Q2 EPS of NIS0.30
    • Revenue of NIS1.09B (-3.5% Y/Y)
    • Press Release
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  • May 14, 2014, 6:47 AM
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  • Mar. 10, 2014, 6:11 AM
    • Partner Communications (PTNR): Q4 EPS of $0.25.
    • Revenue of $325M (-10% Y/Y) misses by $12.M.
    •  Press Release
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  • Nov. 19, 2013, 6:29 AM
    • Partner Communications (PTNR): Q3 EPS of $0.07.
    • Revenue of $316M (-15% Y/Y). (PR)
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  • Aug. 28, 2013, 6:42 AM
    • Partner Communications (PTNR): Q2 EPS of $0.04.
    • Revenue of $312M (-21% Y/Y) misses by $52M. (PR)
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  • 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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  • Feb. 27, 2013, 6:23 AM
    Partner Communications (PTNR): Q4 Net income of $27M. Revenue of $337M (-21% Y/Y). (PR)
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Company Description
Partner Communications Co Ltd is a telecommunications company. The Company provides cellular and fixed-line telecommunication services, including airtime, interconnect, roaming and ISP services that provide access to the Internet.
Sector: Technology
Country: Israel