| [July 15, 2014] |
 |
Partner Communications Announces Receiving a Lawsuit and a Motion for the Recognition of This Lawsuit as a Class Action Filed Against 012 Smile
ROSH HA'AYIN, Israel --(Business Wire)--
Partner Communications Company Ltd. ("Partner" or "the Company")
(NASDAQ:PTNR) (TASE:PTNR), a leading Israeli mobile communications
operator, announces that its fully owned subsidiary, 012 Smile
Telecom Ltd. ("012 Smile"), was served with a lawsuit and a
motion for the recognition of this lawsuit as a class action, filed
against 012 Smile on July 13, 2014 in the Central District Court.
The claim alleges that 012 Smile increased the service tariffs in
certain tariff plans for fixed-line telephony services not in accordance
with 012 Smile's representations and the terms of the subscriber
agreement.
If the lawsuit is recognized as a class action the total amount claimed
against 012 Smile is estimated by the plaintiff to be approximately NIS
27 million.
012 Smile is reviewing and assessing the lawsuit and 012 Smile and
Partner are 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" "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.
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. 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.For further information
regarding the above-mentioned risks, uncertainties and assumptions and
other 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 Annual Reports on Form
20-F filed with the SEC (News - Alert), as well as its current reports on Form 6-K
furnished to the SEC. 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 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). For more
information about Partner, see: www.orange.co.il/en/Investors-Relations/lobby/
[ Back To TMCnet.com's Homepage ]
|
