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%.’