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Orange Israel reports 2Q results

31 Jul 2008

Israeli cellco Partner Communications, which operates under the Orange Israel banner, has reported that total revenues in the second quarter rose by 5.2% to ILS1.5 billion (USD461 million), compared to the same period of 2007. Operating profit for the three months ended 30 June 2008 rose by 2.9% to ILS378 million, while net income jumped by 8.4% to ILS247 million. Operationally, Partner’s subscriber base rose by 33,000 in the quarter, to reach 2.856 million, including 834,000 3G subscribers.

Commenting on the quarter’s results, Partner’s CEO, David Avner, said: ‘I am pleased with Partner’s second quarter performance, which was in line with our expectations. Excluding the effect of the one-time credit of ILS24 million in Q2 2007, Partner’s EBITDA increased by 9.3% this quarter compared with Q2 2007, and net income increased by 17.2%.’

Israel, Partner Communications Company

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