PTNR - PTNR STOCK NEWS

Partner Communications Company Ltd. (NASDAQ: PTNR) reported its 2021 financial results with total revenues of NIS 3,363 million (US$ 1,081 million), a 5% increase from 2020. Service revenues grew 5%, driven by a 7% rise in cellular subscribers, now at 3.02 million. Adjusted EBITDA reached NIS 922 million (US$ 296 million), up 12%. However, adjusted free cash flow was negative NIS 43 million (US$ 14 million), a decline from 2020. The company plans to enhance its fiber-optic infrastructure and aims for 40% 5G coverage by year-end 2022.

Partner Communications Company Ltd., trading as PTNR on NASDAQ and TASE, will release its financial results for Q4 and the year ended December 31, 2021, on February 28, 2022. The Company will host a conference call at 10:00 AM ET / 5:00 PM Israel Time to discuss these results. Interested participants can join the call by dialing the provided international or North America toll-free numbers. A live webcast will also be available on Partner's Investor Relations website, with access to a replay from February 28 until March 27, 2022.

Partner Communications Company Ltd. (NASDAQ-GS: PTNR, TASE: PTNR) announced its financial results for the fourth quarter and full year ended December 31, 2021, set to be released on February 28, 2022. The company will host a conference call at 11:00 a.m. ET / 5:00 p.m. Israel Time on the same day to discuss these results. Interested participants can join via international dial-in or toll-free numbers, with a live webcast available on the company's Investor Relations website. A replay will also be accessible until March 27, 2022.

On December 15, 2021, the Tel Aviv District Court approved a purchase offer for 49,862,800 shares of Partner Communications Company (NASDAQ: PTNR), representing about 27% of its share capital. The offer, valued at $300 million, is led by the Phoenix group and others, following a previous report on November 25, 2021. The Court's decision is contingent upon no competing offers being made, which was satisfied by the deadline. The transaction is subject to other customary closing conditions that remain unmet.

Partner Communications Company Ltd. (NASDAQ: PTNR) has renewed its collective employment agreement with employee representatives and the Histadrut New General Labor Organization for an additional three years, ending December 31, 2024. The agreement includes a 3% salary increase budget for 2022, with discussions on further salary increases planned for 2023-2024. The financial impact of this agreement is deemed immaterial for the Company. Forward-looking statements indicate potential risks associated with the new contract and its financial implications.

Partner Communications Company Ltd. (NASDAQ: PTNR) has announced plans to issue debentures worth up to NIS 150 million and to secure an additional NIS 150 million through a bank loan, solely for the Israeli market. This potential issuance, rated 'ilA+' by S&P Maalot, is contingent upon board approval and market conditions. The company hasn't finalized its decision regarding the offering, indicating uncertainty in execution. This financial maneuver is part of Partner's strategy to bolster liquidity, though the outcome remains dependent on regulatory approvals.

In Q3 2021, Partner Communications Company reported total revenues of NIS 837 million (US$ 259 million), marking a 5% increase from Q3 2020. Service revenues rose 6% to NIS 672 million (US$ 208 million), driven by growth in cellular and fiber-optic subscribers. Adjusted EBITDA surged 23% to NIS 250 million (US$ 77 million), while profit for the period rose to NIS 24 million (US$ 7 million) from a loss of NIS 5 million. However, the average revenue per user (ARPU) in the cellular segment fell 6% to NIS 48. The company also experienced a 2% decrease in equipment revenues.

Partner Communications Company Ltd. (NASDAQ: PTNR) announces that Advocate Ehud Sol, the permanent receiver for 49,862,800 shares (approximately 27% of its capital) held by S.B. Israel Telecom Ltd., has received a $300 million purchase offer from a group led by Phoenix's Avi Gabbay and Shlomo Rodav. The offer is supported by Israeli institutional investors and is contingent on court and regulatory approvals. The transaction must close within 120 days of court approval, with a possible 30-day extension.

Partner Communications Company Ltd. (NASDAQ: PTNR) will release its financial results for Q3 2021 on November 29, 2021. The company, a prominent Israeli telecommunications operator, will also hold a conference call at 10:00 a.m. ET to discuss these results. Investors can access the live webcast and subsequent recordings through Partner's Investor Relations website. The results will cover cellular, fixed-line telephony, internet, and television services provided by the company, highlighting its role in the competitive Israeli telecom market.