Partner Communications

(Nasdaq, LSE:PTNR) achieved the milestone of one million subscribers in the first quarter of 2001.

During the first quarter Israel's youngest cellular carrier recruited 170,000 new subscribers. But its average revenues per unit (ARPU) or subscriber dropped by 13% compared with the fourth quarter of 2000 to NIS 232. Its ARPU figure for the first quarter of 2001 was a full 28% below the figure for the first quarter of 2000, when ARPU came to NIS 318.

Average monthly airtime subscribers used declined 8% compared with the fourth quarter of 2000 to 333 minutes. In the first quarter of 2000, the average airtime use was per subscriber was 411 minutes.

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Partner's operating results for the first quarter of 2001, released today, show that subscriber acquisition costs (SAC) dropped to an average of NIS 535, compared with NIS 603 in the fourth quarter of 2000 and NIS 1,384 in the first quarter of 2000.

Another milestone achieved in the first quarter of 2001 was a leap in deployment: Partner increased its number of aerials by 63% to 1,504.