Rosh Ha'ayin, Israel, January 10, 2012 - Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli mobile communications operator, announces that it was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner on January 9, 2012 in the Central District Court.
The claim alleges that Partner did not comply with the
provisions of the Israeli Consumer Protection Law and its
license with respect to the manner of handling customer
complaints regarding incorrect charges and that as a result
the group members suffered non pecuniary damages as a result
of anguish and a waste of their time.
If the lawsuit is recognized as a class action the total
amount claimed against Partner is estimated by the plaintiffs
to be approximately NIS 392 million.
Partner is reviewing and assessing the lawsuit and is 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.
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",
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"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 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
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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.
Contacts:
Mr. Ziv Leitman
Ms. Yaffa Cohen-Ifrah
Head of Investor Relations Tel: +972 54 909 9039 E-mail: Yaffa.cohenifrah@orange.co.il3
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PARTNER COMMUNICATIONS ANNOUNCES RECEIVING A LAWSUIT AND A MOTION FOR THE RECOGNITION OF THIS LAWSUIT AS A CLASS ACTION |