Partner Communications notes slight decrease in churn rate.
TELECOMWORLDWIRE-August 14, 2014-Partner Communications notes slight decrease in churn rate
(C)1994-2014 M2 COMMUNICATIONS http://www.m2.com
Partner Communications Company Ltd. (NASDAQ: PTNR) (TASE: PTNR) said its cellular subscriber churn rate during the second quarter of 2014 declined to 11.4 percent compared to 11.6 percent in the previous quarter.
This slight decline follows two consecutive quarters in which the churn rate increased.
Cellular ARPU in the second quarter of 2014 totaled NIS76, decreasing by NIS1 compared with the previous quarter. The decline in ARPU resulted primarily from continued price erosion of cellular services, a result of the intense competition, which was partially offset by an increase in revenues from national roaming services.
Revenues from equipment sales in the second quarter of 2014 were similar to the previous quarter; however, gross profit from equipment sales increased by NIS13m compared to the previous quarter, primarily due to improvements in the supply chain and a change in the product mix.
Partner Communications is a leading Israeli provider of telecommunications services under the orange brand and the 012 Smile brand. Its website is at www.orange.co.il/en/Investors-Relations/lobby/.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Date:||Aug 14, 2014|
|Previous Article:||IBM opens SoftLayer data center in Canada.|
|Next Article:||iPass shows sequential revenue growth in Q2 2014.|