Chris Grundberg's questions to PARTNER COMMUNICATIONS CO (PTNRF) leadership • Q3 2016
Question
Chris Grundberg of UBS questioned the effectiveness and recent trends of the fixed-line wholesale market. He also asked for details on the sustainability of recent OpEx reductions in the fixed-line business and the potential for further cuts.
Answer
CEO Isaac Benbenisti described the wholesale market as challenging, stating that competitor Bezeq makes it difficult to operate and that little progress has been made on passive wholesale or wholesale access via HOT. CFO Ziv Leitman attributed cost savings to ongoing efficiency initiatives and the network sharing agreement with HOT, confirming that the company will continue to strive for additional savings next year, though no specific target was provided.