Cellcom Israel Ltd. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the year, total revenues totaled to ILS 4,027 million compared to ILS 4,180 million a year ago. Operating profit was ILS 310 million compared to ILS 310 million a year ago. Profit before taxes on income was ILS 160 million compared to ILS 133 million a year ago. Profit for the year attributable to owners of the company was ILS 148 million or ILS 1.47 per basic and diluted share compared to ILS 95 million or ILS 0.95 per basic and diluted share a year ago. Net cash from operating activities was ILS 781 million compared to ILS 836 million a year ago. Acquisition of property, plant, and equipment was ILS 295 million compared to ILS 305 million a year ago. Acquisition of intangible assets was ILS 73 million compared to ILS 91 million a year ago. EBITDA was ILS 858 million compared to ILS 872 million a year ago. The decrease in revenues is attributed to a 3.2% decrease in service revenues and a 5.2% decrease in equipment revenues. The decrease in the Revenue was fully offset by a decrease in cost of revenues and Selling, Marketing, General and Administrative Expenses. The decrease in the EBITDA resulted mainly from the ongoing erosion in service revenues. The decrease was partially offset by a decrease in operating expenses, mainly as a result of efficiency measures implemented by the Company and from a one-time expense in 2015 as a result of entering a collective employment agreement. For the quarter, the company reported net income of ILS 14 million compared to ILS 19 million a year ago. EBITDA was ILS 173 million compared to ILS 225 million a year ago. Cash flows from operating activities were ILS 178 million compared to ILS 210 million a year ago. Total revenues were ILS 984 million compared to ILS 1,046 million a year ago. Operating profit was ILS 32 million compared to ILS 79 million a year ago. Free cash flow totaled ILS 83 million compared to ILS 121 million in the fourth quarter last year, a decrease of 31.4%. Revenues for the fourth quarter of 2016 decreased 5.9%. The decrease in revenues is attributed to a 5.0% decrease in service revenues and an 8.3% decrease in equipment revenues. The decrease in the operating income resulted from a decrease in revenues primarily due to the ongoing erosion in service revenues. The decrease in the EBITDA resulted mainly from the ongoing erosion in service revenues and an increase of a provision for claims recorded in the fourth quarter of 2016. The decrease was partially offset by a decrease in operating expenses, mainly as a result of efficiency measures implemented by the Company.