Partner Communications Announces the Closing of the Transactions between
Scailex And S.B. Israel Telecom and Between S.B. Israel Telecom and Leumi
ROSH HA’AYIN, Israel -- January 29, 2013
Partner Communications Company Ltd. ("Partner" or "the Company") (Nasdaq:PTNR)
(TASE:PTNR), a leading Israeli mobile communications operator, announces the
closing of the transaction between Scailex Corporation Ltd. ("Scailex"), and
S.B. Israel Telecom Ltd. ("S.B. Israel Telecom"), an affiliate of Saban
Capital Group Inc., pursuant to which Scailex sold and transferred to S.B.
Israel Telecom approximately 28.82% of the issued and outstanding share
capital of Partner.
For more information, see the Company's press releases and immediate reports
on Form 6-K dated December 2/3, 2012, December 12, 2012 and January 21/22,
Following the completion of the transaction, certain directors resigned from
Partner's Board of Directors and the following new directors were appointed:
Mr. Arieh Saban, Mr. Adam Chesnoff, Mr. Shlomo Rodav, Mr. Fred Gluckman, Mr.
Elon Shalev, Mr. Sumeet Jaisinghani and Mr. Yoav Rubinstein.
Further to the Company's press release and immediate report on Form 6-K dated
January 24, 2013 regarding the share purchase agreement entered into between
Leumi Partners Ltd., a company wholly owned by Bank Leumi le-Israel B.M., and
S.B. Israel Telecom, according to which S.B. Israel Telecom will purchase from
Leumi Partners approximately 2.06% of the issued and outstanding share capital
of Partner, the Company has been informed by S.B. Israel Telecom that its
transaction with Leumi Partners, has been completed concurrently with the
closing of the transaction between Scailex and S.B. Israel Telecom.
Accordingly, following the consummation of the above transactions, S.B. Israel
Telecom holds approximately 30.87% of the issued and outstanding share capital
of the Company.
For more information regarding the transaction between Scailex and S.B. Israel
Telecom, see Scailex's full immediate report at:
http://maya.tase.co.il/bursa/report.asp?report_cd=792774 or its informal
English translation attached hereto and to our immediate report on Form 6-K to
be furnished to the Securities and Exchange Commission today.
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, 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. For a description of some of the risks we face, see "Item 3D.
Key Information - Risk Factors", "Item 4. - Information on the Company", "Item
5. - Operating and Financial Review and Prospects", "Item 8A. - Consolidated
Financial Statements and Other Financial Information - Legal and
Administrative Proceedings" and "Item 11. - Quantitative and Qualitative
Disclosures about Market Risk" in the Company's 2011 Annual Report (20-F)
filed with the SEC on March 22, 2012, as amended on March 26, 2012. 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.
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. The Company
provides mobile communications services to over 3 million subscribers in
Israel. 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:
About S.B. Israel Telecom Ltd.
S.B. Israel Telecom Ltd. is an affiliate of Saban Capital Group, Inc. ("SCG").
SCG is a leading private investment firm based in Los Angeles specializing in
the media, entertainment, and communication industries.
SCG was established in 2001 by Mr. Haim Saban, co-founder of Fox Family
Worldwide, a global television broadcasting, production, distribution and
merchandising company owned in partnership with Rupert Murdoch and The News
Corporation until its sale to The Walt Disney Company in October 2001. The
firm currently makes both controlling and minority investments in public and
private companies and takes an active role in its portfolio companies. SCG's
current private equity investments include Univision (the premier
Spanish-language media company in the US); Celestial Tiger Entertainment (a
venture with Lionsgate and Astro, Malaysia’s largest pay TV platform, to
launch and operate new branded pay television channels across Asia); Taomee
(China's leading children's online entertainment company); MNC (Indonesia's
largest and only vertically-integrated media company); and Sky Vision
(Indonesia’s largest Pay TV platform). Saban Brands LLC, an affiliate of SCG,
was formed in 2010 to acquire, manage and license entertainment properties and
consumer brands across media and consumer platforms globally, and currently
holds the rights to Power Rangers and Paul Frank Industries in its portfolio.
With offices in Los Angeles and Hong Kong, SCG actively manages a globally
diversified portfolio of investments across public equities, credit,
alternative investments, and real property assets.
For more information about SCG, see: http://www.saban.com.
About Scailex Corporation Ltd.
Scailex Corporation Ltd. currently operates in two major domains of activity
in addition to its holding in Partner: (1) the sole import, distribution and
maintenance of Samsung mobile handset and accessories products primarily to
the major cellular operators in Israel (2) management of its financial assets.
Scailex's shares are traded on the Tel Aviv Stock Exchange under the symbol
SCIX and are quoted on "Pink Quote" under the symbol SCIXF.PK.
For more information about Scailex, see: http://www.scailex.com.
Photos/Multimedia Gallery Available:
Mr. Ziv Leitman
Chief Financial Officer
Ms. Yaffa Cohen-Ifrah
Head of Investor Relations
Tel: +972 54 909 9039
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