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News Breaks
March 18, 2010
14:14 EDTPTNR
theflyonthewall.com: Partner Communications receives lawsuit requesting certification of class action
Partner Communications announced that it was served with a lawsuit requesting certification as a class action, filed against Partner in the Central District Court. The claim alleges that Partner charges its subscribers for certain content services packages without their consent. If the lawsuit is certified as a class action, the total amount claimed from Partner is estimated by the plaintiff to be approximately NIS175M. 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. :theflyonthewall.com



News For PTNR From The Last 14 Days
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February 13, 2012
10:30 EDTPTNR
theflyonthewall.com: Cellcom dismisses 100 employees, Globes reports

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February 8, 2012
08:45 EDTPTNR
theflyonthewall.com: Partner Communications announces receiving lawsuit
Partner Communications announced that it was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner and other telecommunication operators on February 6 in the Jerusalem District Court,. The claim alleges that the Defendants do not comply with the requirements set by the Equal Rights for People with Disabilities Regulations of 2009. If the lawsuit is recognized as a class action the total amount claimed against the Defendants, is estimated by the plaintiffs to be approximately NIS 361M. :theflyonthewall.com

February 2, 2012
11:47 EDTPTNR
theflyonthewall.com: Scailex hires investment banks to sell stake in Partner, Globes reports
Scailex announced in a notice to the Tel-Aviv Stock Exchange yesterday after that market's close that it has hired Deutsche Bank (DB) and Lazard Freres to advise it in the sale of its 44.5% stake in Partner Communications (PTNR), reported Globes. Deutsche Bank will provide a credit line of as much as $1B to the buyer, Scailex said. The statement also noted that Partner could be taken private. Reference Link :theflyonthewall.com
07:00 EDTPTNR
theflyonthewall.com: Partner Communications announces revision to amendment to brand agreement
Partner Communications announced, following the company's entering into an amendment to its brand licence agreement dated April 28 with Orange Brand Services Limited, a member of the France Telecom Group, for the use of the Orange brand, that the parties have signed an amendment to the Amendment Agreement. According to the said amendment, the commencement date for payment of the agreed royalties for a period of 15 years has been revised to April 1 and the establishment of a mutually acceptable procurement arrangement is no longer a condition for the payment of royalties. :theflyonthewall.com