Partner Communications (PTNR) Reports Q4 Loss of NIS0.42/Share

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Partner Communications Reports Fourth Quarter and Annual 2015 Results1

March 14, 2016 3:02 AM EDT

PARTNER RECORDED AN IMPAIRMENT CHARGE RELATED TO THE FIXED LINE SEGMENT WITH NEGATIVE IMPACT OF NIS 98 MILLION ON OPERATING PROFIT AND NIS 72 MILLION ON PROFIT IN 2015

AS OF APRIL 2016, HOT MOBILE SHALL CEASE PAYING PARTNER PAYMENTS UNDER THE ROU AGREEMENT AND THE MECHANISM FOR SHARING OPEX AND CAPEX EXPENSES UNDER NETWORK SHARING AGREEMENT WILL BECOME FULLY EFFECTIVE

IN 2015 THE POST-PAID CELLULAR SUBSCRIBER BASE INCREASED BY 24,000 AND THE PRE-PAID SUBSCRIBER BASE DECLINED BY 143,000

IN FEBRUARY 2016, THE COMPANY REBRANDED MOST OF ITS PRODUCTS AND SERVICES UNDER THE "PARTNER" BRAND

2015 Annual Highlights (compared with... More