- Report of Foreign Issuer (6-K)
November 16 2009 - 8:55AM
Edgar (US Regulatory)
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE
13a-16 OR 15a-16 OF
THE SECURITIES
EXCHANGE ACT OF 1934
Report on Form 6-K
dated November 16, 2009
Partner
Communications Company Ltd.
(Translation of
Registrants Name Into English)
8 Amal Street
Afeq Industrial Park
Rosh Haayin 48103
Israel
(Address of Principal Executive Offices)
|
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F
x
Form 40-F
o
(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes
o
No
x
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_____________)
Enclosure:
|
Partner
Communications Announces Moodys Places Partners Baa3 International Bond
Rating on Reviewfor Downgrade
|
PARTNER COMMUNICATIONS ANNOUNCES
MOODYS PLACES PARTNERS Baa3
INTERNATIONAL BOND RATING ON REVIEW FOR
DOWNGRADE
ROSH HAAYIN, Israel,
November 16, 2009
Partner Communications Company Ltd. (Partner or
the Company) (NASDAQ and TASE: PTNR), a leading Israeli mobile communications
operator,
announces that Moodys Investors Service (Moodys)
places Partner Baa3 International rating on review for downgrade.
In its report Moodys stated
that: Following the announcement that Hutchison Telecom had agreed to sell its
controlling shareholding in Partner to Scailex an Israeli mobile phone importer
Moodys had indicated certain parameters under which the Baa3 rating of
Partner might be maintained. A downgrade could also occur if leverage rose above 2.0-2.5x
Debt/Ebitda on a sustained basis, or if the companys operating performance
deteriorated due to increased competitive pressures.
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. The
Company provides mobile communications services to over 3million subscribers in Israel (as
of September 30, 2009). Partners ADSs are quoted on the NASDAQ Global Select
Market and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE:
PTNR)
.
Partner is an approximately 45%-owned
subsidiary of Scailex Corporation Ltd. (Scailex). Scailexs shares are
traded on the Tel Aviv Stock Exchange under the symbol SCIX and are quoted on Pink
Quote under the symbol SCIXF.PK. Scailex currently operates in three major domains
of activity: 1) the sole import, distribution and maintenance of Samsung mobile handset
and accessories products primarily to the three major cellular operators in Israel; 2)
distribution and sale of various manufacturers mobile handsets, accessories and
provision of maintenance services, through a chain of retail stores and booths
(Dynamic), to end customers of Cellcom (as part of the acquisition of the
controlling stake in Partner, Scailex announced to Cellcom the termination of the
distribution agreement through Dynamic, effective July 1, 2010) and; (3) management of its
financial assets.
For more information about Scailex, see http://www.scailex.com
.
For more information about Partner,
see http://www.orange.co.il/investor_site
.
|
|
|
|
|
|
|
|
|
|
Contacts:
|
|
|
|
Mr. Emanuel Avner
|
Mr. Oded Degany
|
Chief Financial Officer
|
V.P. Corporate Development, Strategy and IR
|
Tel: +972-54-7814951
|
Tel: +972-54-7814151
|
Fax: +972-54-7815961
|
Fax: +972-54-7814161
|
E-mail:
emanuel.avner@orange.co.il
|
E-mail:
oded.degany@orange.co.il
|
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on
its behalf by the undersigned, thereunto duly authorized.
|
|
Partner Communications Company Ltd.
By: /s/ Emanuel Avner
Emanuel Avner
Chief Financial Officer
|
Dated: November 16, 2009
Partner Communications (NASDAQ:PTNR)
Historical Stock Chart
From May 2024 to Jun 2024
Partner Communications (NASDAQ:PTNR)
Historical Stock Chart
From Jun 2023 to Jun 2024