Competition Heats Up For PartnerMay 2012 | Company Finance Alert
Growing competition in the Israeli telecoms market has had a negative impact on telecoms operator Partner Communications' Q112 results. The company reported a 43% decrease in net profit for the quarter on the back of an 11% drop in revenues. The company, Israel's second largest mobile operator, has faced pressure from a price war in the mobile market and increased competition from five new entrants. While BMI believes competition will benefit subscribers in the market, we believe a protracted price war could have a long-term detrimental effect on investment.
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