Welcome to our dedicated page for PTNR news (Ticker: PTNR), a resource for investors and traders seeking the latest updates and insights on PTNR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PTNR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PTNR's position in the market.
REE Automotive Ltd. (NASDAQ: REE) has expanded its Board of Directors with the appointment of independent members Michal Brikman and Lilach Geva-Harel. This strategic move aims to deepen financial and governance expertise as the company progresses towards commercial production in 2023. Brikman and Geva-Harel bring extensive experience in public company operations, sustainability, and corporate governance. Additionally, the board announced the resignation of Ari Raved, who served for over seven years.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced that its Series D Notes will bear an interest rate of 0.301% for the period from October 1, 2021 to December 30, 2021. The interest rate is based on an annual yield of short-term debt issued by the State of Israel at 0.02% plus a fixed margin of 1.20%, resulting in a total annual interest rate of 1.202%. This announcement relates to the Company's Shelf Prospectus and is not an offer to sell or solicit any securities.
Partner Communications Company Ltd. (NASDAQ: PTNR) announces a proposed reduction in interconnection tariffs by the Ministry of Communications. Over three years, each operator will bear its own costs without transfer payments for call minutes. The regulations will also affect international call supervision in Israel. Responses to this hearing are due by October 13, 2021, as the company assesses potential impacts of these changes.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced its offer to acquire Marathon (018) Xfone Ltd.'s business activity for ILS 187 million. The offer excludes any liabilities or debt and requires at least 70% of Marathon's employees to be retained for one year. The transaction is subject to regulatory approvals and the offer expires on September 9, 2021. A due diligence process will commence upon receiving necessary documents. The purchase price could be adjusted based on discrepancies between Marathon's representations and the actual purchase.
Partner Communications Company Ltd. (PTNR) reported Q2 2021 results with total revenues at NIS 840 million (US$ 258 million), up 9% year-over-year. Service revenues rose 5% to NIS 649 million (US$ 199 million). Equipment revenues increased by 21% to NIS 191 million (US$ 59 million). OPEX climbed 6% to NIS 485 million (US$ 149 million). Adjusted EBITDA was NIS 213 million (US$ 65 million), reflecting a 6% increase. Net profit grew to NIS 9 million (US$ 3 million). Cellular subscribers reached 2.97 million, while fiber-optic subscribers hit 173 thousand, showing significant growth.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced that Standard & Poor's Maalot reaffirmed its 'ilA+' credit rating with a stable outlook. This rating applies to the company and its series of debentures, indicating a strong assessment of financial stability. The report, published on August 11, 2021, reflects confidence in Partner's operational performance within the Israeli telecommunications sector, which includes cellular, fixed-line telephony, internet, and television services.
Partner Communications Company Ltd. (NASDAQ: PTNR) held an Extraordinary General Meeting of Shareholders on July 29, 2021, in Rosh Ha'ayin, Israel. The primary resolution approved was regarding the terms of office and employment for the CEO, Mr. Avi Zvi. The resolution received the required majority as detailed in the Proxy Statement dated June 17, 2021. For additional details on the resolutions, shareholders can refer to the Proxy Statement or the report on Form 6-K linked in the press release.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced it will release its financial results for Q2 2021 on August 18, 2021. A conference call will be held the same day at 10:00 a.m. ET, where investors can dial in using the provided international or North America toll-free numbers. A replay of the call will be available until September 1, 2021, along with an archived webcast accessible on the company's Investor Relations website. Partner Communications is a key player in the Israeli telecommunications market.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced the publication of a shelf prospectus approved by the Israeli Securities Authority and the Tel Aviv Stock Exchange. This permits the company to offer debentures, ordinary shares, and other securities in Israel until July 2023, with a possible extension until July 2024. Future offerings will require a supplemental shelf offering report detailing the specific terms. It's emphasized that these securities will not be offered in the United States.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced that its Series D Notes will carry an interest rate of 0.305% from July 1, 2021 to September 30, 2021. This rate is based on an annual yield of short-term debt issued by the State of Israel ('Makam') at 0.019%, combined with a fixed annual margin of 1.20%, resulting in a total annual interest rate of 1.219%. This announcement aligns with the Company's Shelf Prospectus from September 3, 2009, and the Supplemental Shelf Offering Report.
FAQ
What is the market cap of PTNR (PTNR)?
