Partner Telecom Reports Record Quarterly Profit of NIS 101 Million
Translated & summarized from Maariv by baba
Partner Communications reported a record third-quarter profit of NIS 101 million, its highest since late 2012. The company saw growth in mobile subscribers, average revenue per user, and its TV and fiber optic internet services. Partner's board approved a NIS 500 million dividend distribution to shareholders.
The story in 6 lines · by baba
- Partner Communications achieved a record NIS 101 million profit in Q3 2026.
- Mobile subscriber base grew to 2.74 million, with 43% on 5G.
- Average revenue per mobile user increased to NIS 46.
- Customer churn rate rose to 5.6% in the quarter.
- TV subscribers reached 214,000, with VOD viewing up 84%.
- Fiber optic internet subscribers grew to 485,000.
Partner Communications Ltd. announced its highest quarterly profit since the end of 2012, reporting a net profit of NIS 101 million for the third quarter of 2026. This record profit was driven by growth in both its mobile subscriber base and average revenue per user, alongside expansion in its internet and television services.
The company's revenues saw a more moderate increase of approximately 6%, reaching NIS 829 million. The board of directors has approved a dividend distribution of NIS 500 million to shareholders, pending court approval and the completion of a bond issuance. Partner's mobile subscriber count reached approximately 2.74 million, with a net addition of 14,000 subscribers in the quarter and 72,000 over the past year. Notably, about 1.19 million of these subscribers are using 5G services, representing roughly 43% of the total mobile base.
The average monthly revenue per mobile subscriber increased to NIS 46, a NIS 2 rise compared to the same period last year. However, the customer churn rate also increased to 5.6% from 4.9% in the prior year's quarter. The company's TV service also continued its growth trajectory, reaching 214,000 subscribers, an increase of 2,000 in the quarter and 18,000 year-over-year since the launch of Partner TV+. Monthly VOD viewing minutes per subscriber have reportedly surged by 84% since the service's introduction.
In the internet sector, the number of fiber-optic subscribers climbed to 485,000, an increase of 28,000 in the past year. Currently, approximately 96% of Partner's internet subscribers are connected via fiber. The average monthly revenue per internet subscriber rose to NIS 97, also a NIS 2 increase compared to the previous year's quarter.