Partner Communications , Israel's second-largest mobile phone operator, reported a larger-than-expected drop in quarterly profit, as fierce competition in the sector continues.
Partner, which operates under the Orange brand name, said on Wednesday it earned 24 million shekels ($5.9 million) in the fourth quarter, down 48 percent from a year earlier and below an estimate of 29 million in a Reuters poll of analysts.
Revenue dipped 2 percent to 1.11 billion shekels, with service revenue down 12 percent but equipment income up 46 percent.
Partner, which operates under the Orange brand name, said on Wednesday it earned 24 million shekels ($5.9 million) in the fourth quarter, down 48 percent from a year earlier and below an estimate of 29 million in a Reuters poll of analysts.
Revenue dipped 2 percent to 1.11 billion shekels, with service revenue down 12 percent but equipment income up 46 percent.
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