3G launch hits Partner’s profit

28 Jul 2005

Net income at Israeli cellco Partner Communications fell by 13.2% to ILS115.8 million (USD25.8 million) in the second quarter of 2005, compared to the same period of 2004. The company, which offers wireless services under the Orange brand name, blamed depreciation, amortisation and network expenses from the launch of its 3G network for the fall. Revenues for the quarter were relatively unchanged at ILS1.25 billion. In terms of subscribers, Partner added 37,000 new customers to its ranks to take its total to 2.41 million, of which 35,000 were connected to the 3G network.

Israel, Partner Communications Company