 ROSH HAAYIN, Israel, March 25, 2021 PRNewswire -- 2020 Annual Highlights compared with 2019 Total Revenues: NIS 3,189 million US 992 million, a decrease of 1 Service Revenues: NIS 2,508 million US 780 million, a decrease of 2 Equipment Revenues: NIS 681 million US 212 million, an increase of 1 Total Operating Expenses OPEX 2: NIS 1,871 million US 582 million, a decrease of 1 Adjusted EBITDA: NIS 822 million US 256 million, a decrease of 4 Adjusted EBITDA Margin2: 26 of total revenues, unchanged from 2019 Profit for the Year: NIS 17 million US 5 million a decrease of 11 Net Debt: NIS 657 million US 204 million, a decrease of NIS 300 million Adjusted Free Cash Flow before interest2: NIS 72 million US 22 million, an increase of NIS 23 million Cellular ARPU: NIS 51 US 16, a decrease of 11 Cellular Subscriber Base: approximately 2.84 million at year-end, an increase of 179 thousand Fiber-Optic Subscriber Base : 139 thousand subscribers at year-end, an increase of 63 thousand Homes Connected HC to Partners Fiber-Optic Infrastructure : 465 thousand at year-end, an increase of 141 thousand Infrastructure-Based Internet Subscriber Base: 329 thousand subscribers at year-end, an increase of 61 thousand TV Subscriber Base: 232 thousand subscribers at year-end, an increase of 44 thousand Fourth quarter 2020 highlights compared with fourth quarter 2019 Total Revenues: NIS 808 million US 251 million, a decrease of 3 Service Revenues: NIS 632 million US 197 million, a decrease of 1 Equipment Revenues: NIS 176 million US 55 million, a decrease of 11 Total Operating Expenses OPEX: NIS 480 million US 149 million, an increase of 3 Adjusted EBITDA: NIS 203 million US 63 million, a decrease of 6 Adjusted EBITDA Margin: 25 of total revenues compared with 26 Profit for the Period: NIS 5 million US 2 million, a decrease of 29 Net Debt: NIS 657 million US 204 million, a decrease of NIS 300 million Adjusted Free Cash Flow before interest: negative NIS 3 million US -1 million, a decrease of NIS 19 million Cellular ARPU: NIS 49 US 15, a decrease of 11 Cellular Subscriber Base: approximately 2.84 million at quarter-end, an increase of 179 thousand since Q4 2019 and an increase of 74 thousand in the quarter Fiber-Optic Subscriber Base : 139 thousand subscribers at quarter-end, an increase of 63 thousand since Q4 2019 and an increase of 19 thousand in the quarter Homes Connected HC to Partners Fiber-Optic Infrastructure: 465 thousand at quarter-end , an increase of 141 thousand since Q4 2019 and an increase of 33 thousand in the quarter Infrastructure-Based Internet Subscriber Base: 329 thousand subscribers at quarter-end, an increase of 61 thousand since Q4 2019 and an increase of 18 thousand in the quarter TV Subscriber Base: 232 thousand subscribers at quarter-end, an increase of 44 thousand since Q4 2019 and an increase of 8 thousand in the quarter 1 The quarterly financial results are unaudited. 2 For the definition of this and other Non-GAAP financial measures, see Use of Non-GAAP Financial Measures in this press release. 