Jan. 2, 2014 08:04 UTC

Partner Communications Refers to the Media Publications Regarding the Hosting Agreement between the Company and Alon Cellular (a Mobile Virtual Network Operator)

ROSH HA'AYIN, Israel--(BUSINESS WIRE)-- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ:PTNR) and (TASE:PTNR), a leading Israeli communications operator, announces, following media publications in Israel according to which Alon Cellular Ltd. (Youphone) ("Alon Cellular"), a mobile virtual network operator (MVNO), that is engaged in a hosting agreement with the Company (the "Hosting Agreement"), has signed a hosting agreement with Pelephone Communications Ltd. (the "Additional Hosting Agreement"), that the Company has not yet received any formal notice from Alon Cellular regarding this matter.

The Company is of the opinion that there is uncertainty regarding the implications of the Additional Hosting Agreement on the Company, since the Company lacks information regarding the scope of services that it will continue to provide to Alon Cellular by virtue of the Hosting Agreement until the date of its termination, should the Hosting Agreement terminate prior to the original termination date. In light of the above, the Company is unable, at this stage, to evaluate the effect of the Additional Hosting Agreement on its financial results.

Forward-Looking Statements
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, plans to 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 further information regarding of some of the risks we face, see "Item 3. Key Information - 3D. Risk Factors", "Item 4. Information on the Company", "Item 5. Operating and Financial Review and Prospects", "Item 8. Financial Information - 8A. Consolidated Financial Statements and Other Financial Information – 8A.1 Legal and Administrative Proceedings" and "Item 11. Quantitative and Qualitative Disclosures about Market Risk" in the Company's 2012 Annual Report (20-F) filed with the SEC on March 19, 2013. 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. 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: http://www.orange.co.il/en/Investors-Relations/lobby/.


Partner Communications Company Ltd.
Mr. Ziv Leitman, Tel: +972-54-7814951
Chief Financial Officer
E-mail: investors@orange.co.il

Source: Partner Communications Company Ltd.