Partner to cut 2011 budget by ILS200 million

23 Sep 2010

The soon-to-be new CEO of Israeli mobile network operator Partner Communications has reportedly told the cellco’s senior management that he is aiming to cut the company’s budget for 2011 by around ILS200 million (USD54 million). According to Globes Online, Jacob Gelbard, who is taking over the role of chief executive from David Avner, has signed up an organisational consultancy to prepare an internal streamlining plan, with it understood that staff cuts could be on the cards. It is also reported that Gelbard will consider the future of Partner’s fixed line services.

According to TeleGeography’s GlobalComms Database, Partner is Israel’s second largest mobile network operator by subscribers, holding a market share of 31.8% at the end of June 2010, with a subscriber base of 3.096 million.

 

Israel, Partner Communications Company