Partner Communications Announces It Received a Lawsuit Requesting Certification As a Class Action
Partner Communications Company Ltd. (“Partner” or “the Company”) (Nasdaq:PTNR)(TASE:PTNR), a leading Israeli mobile communications operator, announced that it was served on September 21 with a lawsuit requesting certification as a class action, filed against Partner in the District Court of Jerusalem. The claim alleges that Partner wrongfully charges certain subscribers for call records sent to them by mail.
If the lawsuit is certified as a class action, the total amount claimed from Partner is estimated by the Plaintiff to be approximately NIS 50 million. Also, the Plaintiff seeks some mandatory relief.
Partner is reviewing and assessing the lawsuit and at this preliminary stage is unable to evaluate the probability of success of the lawsuit or the range 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 2.856 million subscribers in Israel (as of June 30, 2008). Partner’s ADSs are quoted on the NASDAQ Global Select Market(TM) and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).
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, 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 http://www.orange.co.il/investor_site