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August 01, 2015 11:01 AM ET

Wireless Telecommunication Services

Company Overview of Pelephone Communications LTD.

Company Overview

Pelephone Communications LTD. provides cellular/mobile communication services in Israel. Its business customers include government ministries and state employees, health maintenance organizations, insurance companies, and more. The company was incorporated in 1985 and is based in Givatayim, Israel. As of August 27, 2004, Pelephone Communications LTD. operates as a subsidiary of Bezeq The Israel Telecommunication Corporation Limited.

33 Itzhak Rabin Road

P.O. Box: 62036

Givatayim,  53483

Israel

Founded in 1985

Phone:

972 3 572 8999

Fax:

972 3 572 8000

Key Executives for Pelephone Communications LTD.

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Vice President of Operation & Logistics
Vice President and General Counsel
Vice President of Engineering & Technology
Compensation as of Fiscal Year 2015.

Pelephone Communications LTD. Key Developments

Pelephone Announces Earnings Results for the First Quarter of 2015

Pelephone announced earnings results for the first quarter of 2015. For the quarter, net profit fell 67% to ILS 36 million, while revenue fell 21% to ILS 727 million. The company lost 21,000 subscribers during the quarter.

The Israel Telecommunication Corp. Ltd. Announces Class Action Certification Motion Filed against Pelephone Communications

On May 6, 2015, The Israel Telecommunication Corp. Ltd. received a notice from its subsidiary, Pelephone Communications Ltd. regarding a claim together with a class action certification motion filed against it with the Tel Aviv District Court, on grounds that Pelephone had discriminated against customers who contracted with it by not providing them with the lowest price that is offered for such services; and that it discriminated against its new customers over existing customers who were awarded monetary benefits for joining Pelephone. This was allegedly contrary to Pelephone's obligation, as provided in its license and by law, to refrain from discriminatory practices with respect to the prices of the services it offers. It is noted that on November 27, 2013, a claim was filed against Pelephone on similar grounds, and such claim is still pending in court. The petitioner seeks for Pelephone to reimburse the members of the represented class for the difference between the price they paid for the services and the lowest price customers such as themselves could have paid for the same services. The petitioner further moved the court to require Pelephone to offer all customers identical terms and to display them in its various advertisements. The plaintiff estimates the claim at millions of shekels and even more. Pelephone is studying the claim and the class action certification motion and neither it and/nor the company is able, at the present stage, to evaluate the claim's likelihood of success.

Pelephone Announces Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014

Pelephone announced earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of ILS 835 million, operating profit of ILS 74 million, EBITDA of ILS 184 million, net profit of ILS 59 million, cash flows from operating activities of ILS 158 million compared to the total revenues of ILS 983 million, operating profit of ILS 76 million, EBITDA of ILS 188 million, net profit of ILS 67 million, cash flows from operating activities of ILS 327 million for the same quarter a year ago. For the year, the company reported total revenues of ILS 3,419 million, operating profit of ILS 449 million, EBITDA of ILS 879 million, net profit of ILS 373 million, cash flows from operating activities of ILS 1,213 million compared to the total revenues of ILS 3,809 million, operating profit of ILS 608 million, EBITDA of ILS 1,065 million, net profit of ILS 521 million, cash flows from operating activities of ILS 1,591 million for the previous year.

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