Partner Communications Company Ltd. (NASDAQ:PTNR) Q3 2020 Earnings Conference Call - Final Transcript

Nov 25, 2020 • 10:00 am ET

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Partner Communications Company Ltd. (NASDAQ:PTNR) Q3 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Partner Communications Third Quarter 2020 Results Conference Call. [Operator Instructions] Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded.

I would now like to turn the call over to Mr. Gideon Koch. Mr. Koch, please go ahead.

Executive
Gideon Koch

Thank you. And thank you to all our listeners, for joining us on this conference call to discuss Partner Communications' third quarter results for 2020. With me on the call today is Isaac Benbenisti, Partner's CEO; and Tamir Amar, our CFO. Isaac Benbenisti will provide an update on Partner's business developments and an overview of our results for the third quarter. He will then hand over to Tamir, who will provide a more detailed discussion of our financial and operational results. And finally, we'll move onto the Q&As.

Before we begin, I would like to draw your attention to the fact that all statements in this conference call may be forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 as amended, Section 21E of the US Securities Exchange Act of 1934 as amended, and the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Regarding such forward-looking statements, you should be aware that Partner's actual results might vary materially from those projected in the forward-looking statements.

Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements are contained in Partner's press release dated November the 25, 2020, as well as Partner's filings with the US Securities and Exchange Commission on forms 20-F, F-1 and 6-K as well as the F-3 shelf registration statement, all of which are readily available. Please note that the information in this conference call related to projections or other forward-looking statements is subject to the previous safe harbor statement as of the date of this call.

For your information, this call is being broadcasted simultaneously over the Internet, and can be accessed through our website. And if you have any further questions following the call, please feel free to contact our Head of Investor Relations and Corporate Projects, Amir Adar, on +972-54-781-5051.

I will now turn the call over to Partner's CEO, Isaac Benbenisti. Isaac?

Executive
Isaac Benbenisti

Thank you, Gideon. Good day, everyone, and welcome to our earnings conference call. Despite the effect of the coronavirus crisis, Partner's results for the third quarter exhibit stability and resilience due to the consistent growth in the fixed-line segment, which contributes to a revenue mix that establishes long-term financial strength.

In the cellular segment, we added 54,000 subscribers net in the third quarter and continued to strengthen customer loyalty. Since the beginning of the year, we have added 105,000 subscribers net to Partner's cellular services. In addition, we launched the 5G network and met the coverage goals that entitle us to a grant of tens of millions of shekels that is expected to be received