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February 14, 2016 3:16 PM ET

Diversified Telecommunication Services

Company Overview of 012 Smile Telecom Ltd.

Company Overview

012 Smile Telecom Ltd. provides communication services. The company offers international and local telecommunication fixed services, which includes telephony services using video object (VoB) access, and internet services. The company was formerly known as Ampal Investments and Communications 2009 Ltd. The company was founded in 1997 and is based in Petach Tikva, Israel. As of March 3, 2011, 012 Smile Telecom Ltd. operates as a subsidiary of Partner Communications Company Ltd.

25 Hasivim Street

Petach Tikva,  49170

Israel

Founded in 1997

Phone:

972 72 200 9063

Fax:

972 72 200 9074

Key Executives for 012 Smile Telecom Ltd.

012 Smile Telecom Ltd. does not have any Key Executives recorded.

012 Smile Telecom Ltd. Key Developments

Partner Communications Company Ltd. and 012 Smile Telecom Ltd. Receive Two Lawsuits

Partner Communications Company Ltd. announced that the company received two lawsuits and motions for the recognition of these lawsuits as class actions that were filed against the company and its fully owned subsidiary, 012 Smile Telecom Ltd. in the Jerusalem District Court on November 12, 2015. The claims allege that Partner and 012 Smile required their customers to purchase a router and/or a call adaptor and/or terminal equipment as a condition for using their fixed-line telephony services, not in accordance with the provisions of their licenses. If the claim filed against Partner is recognized as a class action, the total amount claimed against Partner is estimated by the plaintiff to be approximately NIS 116 million. If the claim filed against 012 Smile is recognized as a class action, the total amount claimed against 012 Smile is estimated by the plaintiff to be approximately NIS 64 million. Partner and 012 Smile are reviewing and assessing the lawsuits and are unable at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuits or the range of potential exposure, if any.

012 Smile Telecom Ltd Faces Class Action Lawsuit

Partner Communications Company Ltd. announced that its 012 Smile Telecom Ltd. 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 ILS 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.

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