PTNR - PTNR STOCK NEWS

On June 17, 2021, Partner Communications Company Ltd. (NASDAQ: PTNR) announced key management changes. Mr. Tamir Amar, previously the Chief Financial Officer and Vice President of Fiber Optics, has been appointed as the Deputy CEO. Meanwhile, Mr. Yacov Truzman, Vice President of Business and Sales Division, will serve as Deputy CEO-Sales. These appointments aim to strengthen leadership and oversight within the company as it continues to provide telecommunications services in Israel.

Partner Communications Company reported a 3% increase in total revenues to NIS 833 million (US$ 250 million) for Q1 2021, compared to NIS 807 million in Q1 2020. Service revenues rose 2% to NIS 639 million (US$ 192 million). However, adjusted EBITDA decreased by 3% to NIS 209 million (US$ 63 million), and net profit fell 50% to NIS 5 million (US$ 1 million). The cellular subscriber base reached approximately 2.90 million, showing an 8% year-over-year increase. The company continues to expand its fiber-optic infrastructure, now connecting 514 thousand homes. OPEX increased by 5% to NIS 481 million (US$ 144 million).

On May 12, 2021, Partner Communications Company announced the appointment of Avi Zvi as the new CEO, leading to the resignation of Deputy CEO Yuval Keinan, who served for five and a half years. Following this transition, the Vice Presidents of Marketing & Customer Service and Human Resources & Administration have also indicated their intention to resign after 4 and 11 years, respectively. These management changes may signify a shift in strategic direction for the company, which provides a range of telecommunications services in Israel, with its shares traded on NASDAQ (PTNR) and TASE (PTNR).

Partner Communications Company Ltd. (NASDAQ and TASE: PTNR) has appointed Avi Zvi as its new CEO, effective June 1, 2021, following the recommendation of its Nominating Committee. This decision was made to support the company's growth as it transitions from a mobile operator to a leading communications group. Chairman Osnat Ronen expressed confidence in Zvi's capabilities, highlighting his extensive experience in the communications sector. Zvi is excited to navigate the changing landscape of the communications market.

Partner Communications Company Ltd. (NASDAQ and TASE: PTNR) will release its financial results for Q1 2021 on May 26, 2021. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time to discuss these results. Participants can join via international and North American toll-free numbers or through a live webcast available on the company's Investor Relations website. The call replay will be accessible from May 26 until June 9, 2021. Partner is a leading provider of telecommunications services in Israel.

Partner Communications Company Ltd. (NASDAQ: PTNR) announced the results of its Annual General Meeting (AGM) held in Rosh Ha'ayin, Israel, on May 3, 2021. The AGM approved the re-appointment of Kesselman & Kesselman as auditors for the next term and the re-election of multiple directors, including Richard Hunter and Yehuda Saban. Discussions included the auditor's remuneration for 2020 and the Company's audited financial statements for the same year. All resolutions received the required majority as stated in the Proxy Statement dated March 25, 2021.

Partner Communications Company Ltd. (NASDAQ: PTNR) announced on April 13, 2021, that it has rejected bids from various investors to acquire 20% of its existing and future fiber optic network rights for private household services. This decision was made following prior communication on February 21, 2021. Partner continues to operate as a leading provider in telecommunications, offering cellular, fixed-line telephony, internet, and television services in Israel.

Partner Communications Company Ltd. (NASDAQ: PTNR) announces that CEO Isaac Benbenisti intends to resign after nearly six years of leadership. The Board of Directors will form a nominating committee to search for a new CEO, with no defined end date for Benbenisti's departure. Chairman Osnat Ronen expressed gratitude for Benbenisti's contributions in transforming Partner into a comprehensive telecommunications provider. Benbenisti reflected on his tenure, citing successful milestones achieved during his leadership.

Partner Communications Company Ltd. (NASDAQ: PTNR), a prominent Israeli communications provider, announced that its Series D Notes will incur an interest rate of 0.297% from March 31, 2021 to June 30, 2021. This rate is based on the State of Israel's short-term debt yield of -0.013% and a fixed margin of 1.20%, resulting in a total annual interest rate of 1.187%. This press release does not constitute an offer to sell or solicit an offer to buy any securities.