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Partner Communications Company Ltd: Attractive Addition

Israel is a country in the Middle East, on the narrow region connecting Africa and Asia. It is a developed country which is located in a region that is geographically and climatically diversified. It is consistently ranks high among the world's economies in terms of its technological readiness, venture capital availability and the quality of its research organizations. The country ranks first in availability of scientists and engineers, number of start-ups per capita, and venture capital investments per capita. The investors who want to make a portfolio of מניות הדיבידנד הטובות ביותר בישראל they should focus on the Partner Communications Company Ltd. here are brief information about it.

Partner Communications Company Ltd

Profile

Partner Communications Company Ltd is an Israel-based company which is engaged in telecommunications sector. It is mobile telephone network operator. The products of the company are marketed under the orange brands. Its GSM services include standard and enhanced GSM services, as well as value-added services and products, such as roaming, voice mail, voice messaging, color picture messaging, ringtone and game downloads, information services and general packet radio services which enables the packet transfer of data.

Its 3G network offers a range of services which includes video calls, a new portal of content services, including a rich selection of video-based services under the orange time sub-brand, and the transmission of data. The shares of the company are traded on NASDAQ and the Tel Aviv Stock Exchange, where it is a constituent of the TA-25 Index; since August 2009, Scailex Corporation controls 51% of its shares.

History

The company was founded in 1999. It was the third mobile operator to enter the Israeli market and competing with the two incumbent operators - Cellcom and Pelephone. It was the first telecommunications company which was operating in the GSM technology. When the company announced that the Ministry of Telecommunication would grant a third cellular network license it was thought that there is no place for any other company so only two companies responded to the tender which were the Partner and a group called "Tapuz".

In addition the company was also the first company that began preparations for the deployment of fourth-generation network which will provide significant value to customer experience and will increase the consumption of content and data one of the most significant growth factor for the company.

Announcements

On Monday 1 July 2013 the Partner Communications Company Ltd announced that its fully owned subsidiary, 012 Smile Telecom Ltd. was served with a lawsuit and a motion for the recognition of this lawsuit as a class action which were field against 012 Smile on June 4, 2013 in the Tel-Aviv District court. The company's fully owned subsidiary, 012 Smile Telecom Ltd. ("012 Smile"), was served with a lawsuit and a motion for the recognition of this lawsuit as a class action which were field against 012 Smile on June 4, 2013 in the Tel-Aviv District Court. If the lawsuit is recognized as a class action the total amount claimed against 012 Smile is estimated by the plaintiff to be NIS 30 million.

The Company has a market capitalization of 4.17 Billion, EPS is 2.33, P/E ratio is 11.50 and the dividend yield is 7.20%.