Israel’s Partner Communications Q2 profit up, cautious on mobile roaming recovery

JERUSALEM: Israeli telecoms group Partner Communications on Wednesday posted a slight gain in second-quarter net profit, citing a moderate return to roaming services that lifted revenue along with gains in its mobile and internet subscriber bases.

Partner, Israel’s second-largest mobile operator, said it earned 9 million shekels ($2.8 million) in the April-June period, up from 7 million shekels a year earlier.

Revenue rose 9% to 840 million shekels, helped by subscriber growth in its fibre optics network, TV and mobile offerings, as well as demand for its cellular roaming services from tourism after Israel in June began to allow small groups of foreign tourists.