Partner Communications Announces the Launch of the Wholesale Market for Broadband Fixed-Line Telecommunications Services
Partner Communications Company Ltd. (“Partner” or “the Company“) (TASE and NASDAQ: PTNR), a leading communications operator in Israel, announces, following the Company’s press release and immediate report dated November 18, 2014 regarding the publication of the Minister of Communications’ decision with respect to the regulation of the wholesale market for broadband fixed-line telecommunications, that on February 17, 2015 a regulation came into effect according to which each of the infrastructure owners – Bezeq The Israeli Telecommunication Corp. Ltd. (“Bezeq“) and Hot Telecom Ltd. (“Hot“) are required to allow use of their broadband fixed-line infrastructure by telecommunication providers that do not have a broadband fixed-line infrastructure. This regulation will allow telecommunication providers that do not have a broadband fixed-line infrastructure, including the Company and its subsidiaries, to offer internet access in one transaction (without requiring the subscriber to engage with both an internet access provider and an infrastructure provider).
For further information, see the Company’s Annual Report on Form 20-F for the year ended December 31, 2013 (“2013 Annual Report“), “Item 3. Key Information – 3D. Risk Factors – 3D.1 Risks relating to the regulation of our industry – 3D.1b – If insufficient or improperly implemented, regulatory initiatives that are intended to allow telecommunication providers, such as Partner, that do not have their own fixed-line infrastructure to include the infrastructure component as part of their bundled service offerings may negatively affect our business and results of operations” and “Item 4. Information on the Company – 4B. Business Overview – 4B.13 Regulation – 4B.13d Regulatory Developments – 4B.13d-x- The Ministry of Communications policy regarding the fixed-line telecommunications sector” and the Company’s press release and immediate report (on Form 6-K) dated November 18, 2014, at: http://maya.tase.co.il/bursa/report.asp?report_cd=931200 or http://www.sec.gov/Archives/edgar/data/1096691/000117891314003615/zk1415855.htm.
This press release includes forward-looking statements, as this term is defined in 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,” “strive,” “seek,” “plan,” “could,” “may,” “foresee,” “target,” “objective,” declensions thereof and similar expressions typically convey forward-looking statements, but these words are not the only words that convey these statements. Any statement, other than a statement of historical fact included in this press release regarding our future performance, plans to increase revenues or margins or to sustain or expand the current market share in existing or new markets, plans to reduce expenses and any other statement regarding a future event or potential opportunity, is a forward-looking statement.
We have based these forward-looking statements on our current knowledge and our present beliefs and projections regarding possible future events. These forward-looking statements are subject to risks, uncertainties and assumptions about Partner, about the macro-economic environment, about consumer habits and preferences when using cellular telephones, trends in the Israeli communications industry in general, the impact of current global economic conditions and possible regulatory and legal developments. In light of these risks, uncertainties and conjectures, the forward-looking events mentioned in this press release might not transpire, and actual results may differ materially from the anticipated results. For further information regarding the above-mentioned risks, uncertainties and conjectures and other risks we face, please see “Item 3. Key Information – 3D. Risk Factors”, “Item 4. Information about 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, and the Company’s other reports on Form 6-K, which were submitted to the United States Securities Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason.
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 orangeTM brand and under the 012 Smile brand. Partner’s ADSs are quoted on the NASDAQ Global Select MarketTM and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).
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