ROSH HA'AYIN, Israel, January 19, 2012 - Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announces today that its fully owned subsidiary, 012
Smile Telecom Ltd. ("012 Smile"), was served with a
lawsuit and a motion for the recognition of this lawsuit as a
class action, filed against 012 Smile and other
telecommunication operators (the
"defendants") on January 11, 2012 in
the Nazareth District Court.
The claim alleges that the defendants operate certain
information and premium services through international
dialing codes and apply tariffs, not in accordance with their
licenses and the regulation requirements applicable to such
services.
The total amount claimed against 012 Smile, if the lawsuit is
recognized as a class action is not estimated by the
plaintiff.
012 Smile is reviewing and assessing the lawsuit and 012
Smile and Partner are unable, at this preliminary stage, to
evaluate, with any degree of certainty, the probability of
success of the lawsuit or the range of potential exposure, if
any.
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Forward-Looking Statements
This press release includes 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. Words such as
"believe", "anticipate",
"expect", "intend", "seek",
"will", "plan", "could",
"may", "project", "goal",
"target" and similar expressions often identify
forward-looking statements but are not the only way we
identify these statements. All statements other than
statements of historical fact included in this press release
regarding our future performance, plans to increase revenues
or margins or preserve or expand market share in existing or
new markets, reduce expenses and any statements regarding
other future events or our future prospects, are
forward-looking statements.
We have based these forward-looking statements on our current
knowledge and our present beliefs and expectations regarding
possible future events. These forward- looking statements are
subject to risks, uncertainties and assumptions about
Partner, consumer habits and preferences in cellular
telephone usage, trends in the Israeli telecommunications
industry in general, the impact of current global economic
conditions and possible regulatory and legal developments.
For a description of some of the risks we face, see
"Item 3D. Key Information - Risk Factors",
"Item 4. - Information on the Company", "Item
5. - Operating and Financial Review and Prospects",
"Item 8A. - Consolidated Financial Statements and Other
Financial Information - Legal and Administrative
Proceedings" and "Item 11. - Quantitative and
Qualitative Disclosures about Market Risk" in the
Company's 2010 Annual Report (20-F) filed with the SEC
on March 21, 2011. In light of these risks, uncertainties and
assumptions, the forward-looking events discussed in this
press release might not occur, and actual results may differ
materially from the results anticipated. We undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future
events or otherwise.
About Partner Communications
Partner Communications Company Ltd. ("Partner") is
a leading Israeli provider of telecommunications services
(cellular, fixed-line telephony and internet services) under
the orange™ brand. The Company provides mobile communications
services to over 3 million subscribers in Israel. Partner's
ADSs are quoted on the NASDAQ
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Global Select Market™ and its shares are traded on the Tel
Aviv Stock Exchange
(NASDAQ and TASE: PTNR).
Partner is an approximately 45%-owned subsidiary of Scailex
Corporation Ltd. ("Scailex"). Scailex's shares
are traded on the Tel Aviv Stock Exchange under the symbol
SCIX and are quoted on "Pink Quote" under the
symbol SCIXF.PK. Scailex currently operates in two major
domains of activity in addition to its holding in Partner:
(1) the sole import, distribution and maintenance of Samsung
mobile handset and accessories products primarily to the
major cellular operators in Israel (2) management of its
financial assets.
For more information about Scailex, see http://www.scailex.com .
For more information about Partner, see http://www.orange.co.il/investor_site
About 012 Smile Telecom Ltd.
012 Smile is a wholly owned subsidiary of Partner
Communications which provides international long distance
services, internet services and local telecommunication
fixed-line services (including telephony services using VOB)
under the 012 Smile brand. The completion of the purchase of
012 Smile by Partner Communications took place on March 3,
2011. For further details see the press release dated March
3,
2011.
Chief Financial Officer
Tel: +972-54-7814951
E-mail: investors@orange.co.il
E-mail: Yaffa.cohenifrah@orange.co.il
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PARTNER COMMUNICATIONS ANNOUNCES THAT 012 SMILE RECEIVED A LAWSUIT AND A MOTION FOR THE RECOGNITION OF THIS LAWSUIT AS A CLASS ACTION |