11 April 2022

Partner Communications, Israel’s second-largest mobile operator, reported a sharp rise in fourth-quarter profit, boosted by revenue gains in its mobile and internet services while expenses declined.

The company said it earned ILS77m shekels (US$24m) in the October-December period, compared with ILS5m a year earlier.

Revenue rose 6% to 853 million shekels, helped by subscriber growth in its fibre optics network, TV and mobile offerings, as well as demand for its cellular roaming services from tourists after Israel reopened its borders to foreign tourists.

Its mobile subscriber base reached 3.02 million, up 187,000 customers in 2021, for a market share of 28%. The number of fibre-optics subscribers rose to 212,000 last year, while it had 374,000 internet customers and 226,000 subscribers to its TV service.