|[January 29, 2013]
Partner Communications Announces the Closing of the Transactions between Scailex And S.B. Israel Telecom and Between S.B. Israel Telecom and Leumi Partners
ROSH HA'AYIN, Israel --(Business Wire)--
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
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, 2013.
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
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
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 siilar
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 (News - Alert) 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
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
For more information about Partner, see: http://www.orange.co.il/en/Investors-Relations/lobby/
About S.B. Israel Telecom Ltd.
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.
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 (News - Alert) 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.
more information about SCG, see: http://www.saban.com.
About Scailex Corporation Ltd.
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 (News - Alert) 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
For more information about Scailex, see: http://www.scailex.com.
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