Partner Communications Announces Upgrade of Its Bonds Rating To 'Aa2' With a Positive Outlook Awarded By Midroog
Posted on: Sunday, 2 December 2007, 09:00 CST
Partner Communications Company Ltd. ("Partner") (Nasdaq: PTNR)(LSE:PCCD)(TASE:PTNR), a leading Israeli mobile communications operator, announces that Midroog Ltd., an affiliate of Moody's Investors Service, announced the upgrade of Partner's series A bonds rating outlook to "Aa2/Positive".
In its report, Midroog stated that: "the positive outlook was awarded based on the improvement of the company's financial results and its coverage ratio."
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™ brand. The Company provides quality service and a range of features to 2.796 million subscribers in Israel (as of September 30, 2007). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and the London Stock Exchange. Its shares are also traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR; LSE: 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 Israel, Macau, 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 about Hutchison Telecom, see www.htil.com.
For more information about Partner, see www.orange.co.il/investor_site/.
Source: Business Wire
Related Articles
- The Philippines' SMART Communications Launches Mobile Social Media Service with Amdocs ChangingWorlds
- MACH, The Leading Provider of Hub-Based Mobile Communications Exchange Solutions, Unveiled Today a New Strategy
- Inmarsat Completes Investment in SkyWave Mobile Communications - Advances Position in Satellite Low Data Rate Services Market
- Verizon Business Emergency Response Mobile Communications Service Quickly Restores Critical Communication
- Mobile Operator Optimus Selects Movial to Power Mass Market IP Communication PC Service
- Gemalto Supports Orange Business Services in Bringing Sense to Mobile Communications and PC Convergency on the B2B Market
- QUALCOMM Hours of Service Electronic On-Board Recording Application Now Available for Its OmniTRACS(R) Mobile Communication Solution
- Hutchison Global Communications Shareholders Approve Hutchison Telecom's Privatisation Proposal
- City Telecom -HK- Limited to Present at the Roth Capital Partners 17th Annual Growth Stock Conference
- Sunrise Telecom to Present at the Roth Capital Partners 17th Annual Growth Stock Conference
 |
 |
User Comments (0)
RSS Feeds