cell phone 521.
(photo credit: Courtesy)
Orange franchisee Partner Communications Ltd. on Wednesday published estimated
results for the fourth quarter and full year of 2011 that showed sharply lower
revenue and profits as subscribers abandoned the mobile carrier. The company
will publish its final results in late March.
Partner, controlled by Ilan
Ben Dov, estimated that its fourth-quarter revenue fell to NIS 1.59 billion from
NIS 1.76b. for the corresponding quarter of 2010, and its net profit fell to NIS
132 million from NIS 304m.
It estimated that revenue rose to NIS
7b. in 2011 from NIS 6.67b. in 2010, but net profit fell to NIS 763m.
from NIS 1.24b.
Partner said mobile revenue fell 40 percent to NIS 1b.
for the fourth quarter from NIS 1.4 billion for the corresponding quarter, and
it fell more than 25% to NIS 4.25b. in 2011 from NIS 5.58b. in
Partner estimated that its subscriber churn rate rose to 8.2%
during the fourth quarter from 6% during the corresponding quarter, and the
full-year churn rate rose to 29% from 21% in 2010. Average revenue per user
(ARPU) fell to NIS 106 per month in the fourth quarter from NIS 147 per month in
the corresponding quarter, and full-year ARPU fell to NIS 111 per month in 2011
from NIS 148 per month in 2010.