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Partner Communications Company Ltd. (NASDAQ: PTNR) reported its 2020 financial results, showing total revenues of NIS 3,189 million (US$ 992 million), a decrease of 1% year-over-year. Service revenues fell 2% to NIS 2,508 million (US$ 780 million), primarily due to a decline in roaming services amid the COVID-19 pandemic. Adjusted EBITDA decreased 4% to NIS 822 million (US$ 256 million), maintaining a 26% margin. The company reported a net profit of NIS 17 million (US$ 5 million), an 11% drop. Positive growth was seen in cellular and fiber-optic subscribers, with significant subscriber additions despite market challenges.
Partner Communications Company Ltd. (NASDAQ and TASE: PTNR) has announced that its Partner Fiber fiber optic infrastructure subscribers have surpassed 150,000. Since its launch in August 2017, the company has connected its infrastructure to buildings housing over 500,000 households. Currently, the infrastructure reaches 760,000 households. The total number of infrastructure-based internet subscribers exceeds 336,000. Partner's leadership expressed pride in achieving this milestone amidst challenges posed by the Corona virus, emphasizing their commitment to expanding fiber optic services in Israel.
Partner Communications Company Ltd. (NASDAQ: PTNR) will announce its financial results for Q4 and the full year of 2020 on March 25, 2021. A conference call to discuss these results is scheduled for the same day at 11:00 AM ET. Interested participants can join via a toll-free number for North America or through an international line. The call will also be available via live webcast, with a replay accessible until April 8, 2021. Partner is a premier provider of telecommunications services in Israel, trading on NASDAQ and TASE.
Partner Communications Company Ltd. (NASDAQ: PTNR) has received multiple bids exceeding NIS 550 million to acquire 20% of the rights to its existing and future fiber optic network for private household services. The company is currently reviewing the offers. Although this could signal a strategic opportunity, there is no guarantee that a transaction will be finalized or approved. This announcement follows media coverage of potential investors and highlights Partner's ongoing efforts in the fiber optics domain.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced that the interest rate for its Series D Notes will be 0.307% from December 31, 2020 to March 30, 2021. This rate is calculated based on a short-term debt yield by the State of Israel at 0.0275%, plus a fixed margin of 1.20%, resulting in a total annual interest rate of 1.228%. The announcement follows the Company's Shelf Prospectus and Supplemental Shelf Offering Reports.
Partner Communications (NASDAQ: PTNR) reported Q3 2020 results with total revenues of NIS 800 million (US$ 232 million), down 3% from Q3 2019. Service revenues decreased by 4% to NIS 631 million (US$ 183 million), impacted by reduced international roaming due to COVID-19. Adjusted EBITDA fell 9% to NIS 204 million (US$ 59 million), and the company posted a loss of NIS 5 million (US$ 1 million). Despite challenges, the company added 54,000 cellular subscribers, reaching approximately 2.76 million. Net debt decreased significantly to NIS 646 million (US$ 188 million), reflecting improved financial stability.
Partner Communications Company Ltd. (NASDAQ and TASE: PTNR), a prominent Israeli telecommunications provider, is exploring potential offers to divest up to 20% of its rights in its existing and upcoming fiber optic network aimed at private households. These rights would be transferred to a newly formed partnership, where Partner would retain a 80% stake. The company cautions that there is no guarantee this transaction will be finalized or approved.
Partner Communications Company Ltd. (NASDAQ: PTNR) announced its financial results for the quarter ending September 30, 2020, to be released on November 25, 2020. A conference call to discuss these results will take place on the same day at 10:00 a.m. Eastern Time. Participants can join by dialing international or North America toll-free numbers provided.
A live webcast will be available on Partner's Investor Relations website, with a replay accessible until December 9, 2020. The company provides a wide range of telecommunications services in Israel.
Partner Communications Company Ltd. (NASDAQ: PTNR) held its Annual General Meeting (AGM) in Rosh Ha'ayin, Israel, approving key resolutions. These included the re-appointment of Kesselman & Kesselman as auditors, re-election of board members, and the appointment of new independent directors. Amendments to the Compensation Policy were also approved. All resolutions received the necessary majority as detailed in the Proxy Statement dated August 20, 2020. For more details, refer to the Proxy Statement linked in this announcement.
Partner Communications Company Ltd. (NASDAQ: PTNR) has chosen OFS' InvisiLight Drop Solution for its Fiber-to-the-Home (FTTH) network. This innovative solution includes outdoor-rated EZ-Bend® cable, allowing for efficient and discreet fiber installation. With a 900 µm cord for in-home applications, it promises low bend-related loss, ensuring long-term network reliability. Yonathan Sudmi, Director of Fiber Infrastructure, highlighted the product's aesthetic and functional benefits, stating it distinguishes Partner’s service. The deployment marks a significant enhancement to customer satisfaction and network performance.
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