Israel’s second largest cellco by subscribers, Partner Communications, has posted a 43% year-on-year drop in net profit for the first quarter of 2012 on revenues that fell by 22% when excluding the impact of 012 Smile Telecom. For the three months ended 31 March 2012 Partner generated a total turnover of ILS1.571 billion (USD423 million), down 11% from ILS1.771 billion in the corresponding period a year earlier.
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OVETEL Increased competition dents Partner’s revenues, net profit in 1Q12
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