Partner Communications Company Ltd. ("Partner")
(Nasdaq:PTNR)(TASE:PTNR)(LSE:PCCD), a leading Israeli mobile
communications operator, announced that on August 9, 2007 it was
served a lawsuit and application to certify it as a class action,
filed against Partner in the District Court of Tel-Aviv. The claim
alleges that Partner disconnects the mobile lines of prepaid
subscribers who have not used it for more than 13 months, and resells
such lines to new subscribers. The plaintiff claims that this is
against Partner's license and the Consumer Protection Law.
If the lawsuit is certified as a class action, the total amount
claimed from Partner is estimated by the plaintiff to be approximately
NIS 200 million.
Partner is still reviewing and assessing the lawsuit and at this
preliminary stage, is unable to evaluate the probability of success of
the lawsuit or the extent of potential exposure, if any, with any
degree of certainty.
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading
Israeli mobile communications operator providing GSM / GPRS / UMTS /
HSDPA services and wire free applications under the orange(TM) brand.
The Company provides quality service and a range of features to 2.733
million subscribers in Israel (as of June 30, 2007). The Company
launched its 3G service in 2004. Partner's ADSs are quoted on the
NASDAQ Global Select Market(TM) and on the Tel Aviv Stock Exchange
under the symbol PTNR. The shares are also traded on the London Stock
Exchange under the symbol PCCD.
Partner is a subsidiary of Hutchison Telecommunications
International Limited ("Hutchison Telecom"), a leading global provider
of telecommunications services. Hutchison Telecom currently offers
mobile and fixed line telecommunications services in Hong Kong, and
operates mobile telecommunications services in Macau, Israel,
Thailand, Sri Lanka, Ghana, Vietnam and Indonesia. It was the first
provider of 3G mobile services in Hong Kong and Israel and operates
brands including "Hutch", "3" and "orange". Hutchison Telecom, a
subsidiary of Hutchison Whampoa Limited, is a listed company with
American Depositary Shares quoted on the New York Stock Exchange under
the ticker "HTX" and shares listed on the Stock Exchange of Hong Kong
under the stock code "2332". For more information, see www.htil.com.
For more information about Partner, see
www.investors.partner.co.il