|[January 02, 2014]
Partner Communications Refers to the Media Publications Regarding the Hosting Agreement between the Company and Alon Cellular (a Mobile Virtual Network Operator)
ROSH HA'AYIN, Israel --(Business Wire)--
Partner Communications Company Ltd. ("Partner" or "the Company")
(NASDAQ:PTNR) and (TASE:PTNR), a leading Israeli communications
operator, announces, following media publications in Israel
according to which Alon Cellular Ltd. (Youphone) ("Alon Cellular"),
a mobile virtual network operator (MVNO), that is engaged in a hosting
agreement with the Company (the "Hosting Agreement"), has
signed a hosting agreement with Pelephone Communications Ltd. (the "Additional
Hosting Agreement"), that the Company has not yet received any
formal notice from Alon Cellular regarding this matter.
The Company is of the opinion that there is uncertainty regarding the
implications of the Additional Hosting Agreement on the Company, since
the Company lacks information regarding the scope of services that it
will continue to provide to Alon Cellular by virtue of the Hosting
Agreement until the date of its termination, should the Hosting
Agreement terminate prior to the original termination date. In light of
the above, the Company is unable, at this stage, to evaluate the effect
of the Additional Hosting Agreement on its financial results.
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 further information regarding of
some of the risks we face, see "Item 3. Key Information - 3D. Risk
Factors", "Item 4. Information on the Company", "Item 5. Operating and
Financial Review and Prospects", "Item 8. Financial Information - 8A.
Consolidated Financial Statements and Other Financial Information - 8A.1
Legal and Administrative Proceedings" and "Item 11. Quantitative and
Qualitative Disclosures about Market Risk" in the Company's 2012 Annual
Report (20-F) filed with the SEC (News - Alert) on March 19, 2013. 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.
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
provision 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, plans to
reduce expenses, and any statements regarding other future events or our
future prospects, are forward-looking statements.
About Partner Communications
Communications Company Ltd. ("Partner") is a leading Israeli provider of
telecommunications services (cellular, fixed-line telephony and internet
services) under the orange™ brand and the 012 Smile brand. 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).
more information about Partner, see: http://www.orange.co.il/en/Investors-Relations/lobby/.
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