Partner Communications
#4349
Rank
$1.25B
Marketcap
Israel
Country
Ms. Addie Koren (COO & VP of HR)
Mr. Yakov Truzman (Deputy CEO of Sales & VP)
Mr. Avraham Gabbay (Chief Exec. Officer)
Summary
History
Partner was founded in 1999 and was the third mobile network operator to enter the Israeli market, competing with the two incumbent operators - Cellcom and Pelephone . When it was announced that the Ministry of Telecommunication would grant a third cellular network license it was thought that there is no room for another company; hence only two companies responded to the tender: Partner, and a group called "Tapuz". After losing its bid, Tapuz became a part of Partner.
When it started operating in 1999, Partner was the first GSM cellular network in Israel , it allowed Israeli consumers to use their phones in other locations in the world with a similar network. The network was branded under the name "Orange" which was an international brand registered under the name of Hutchison Whampoa Hong-Kong, which was the major initial investor in the company. The successful launch and promotion of the Orange brand is considered one of the best advertising efforts undertaken in Israel.
Founding shareholders
The initial shareholders in the consortium that bid for the third cellular network license in Israel, in addition to Hutchison Telecom, were Elbit, MATAV , Eurocom and Polar Communications.
2001 IPO
In November 1999, only 11 months after it began operating, Partner had an initial public offering on NASDAQ and the London Stock Exchange; the shares were listed under the symbol PTNR on NASDAQ and under the symbol PCCD on the London Stock Exchange. The company raised $604m, enabling the initial investor consortium to recoup a significant portion of their investment swiftly.
In 2001 the shares were also listed on the Tel Aviv Stock Exchange under the symbol PTNR and became a constitute of the TA-25 Index.
Hutchison takes full control
Through the years, the ownership of Partner Communications changed dramatically. The original Israeli partners sold the majority of their shares and eventually held only a small percentage of the company. Other than the public, the biggest shareholder became Hutchison Telecom . The Egyptian company Orascom bought 20% of Hucthison, and as a result, held 9.99% of Partner's shares indirectly.
Sale to Scailex Corporation
During 2009 Hutchison decided to exit their investment in Partner and sold their 51% controlling stake to businessman Ilan Ben-Dov, who made his fortune holding the exclusive rights to market the Samsung mobile phones in Israel. The company was sold to Scailex Corporation for NIS 5.29 billion .
Acquisition of 012 Smile
In 2010, Partner acquired 012 Smile Telecom for NIS 1.45 billion, in the largest non-real-estate deal in Israel that year. 012 Smile was itself the product of a 2006 merger between 012 Golden Lines and Internet Gold's Smile Communications.
Mission
Vision
Key Team
Ms. Sigal Tzadok (Head of the Fin. Department, CFO & Comptroller)
Mr. Amir Adar (Head of Investor Relations & Corp. Projects)
Ms. Sarit Hecht (VP, Chief Legal Counsel & Corp. Sec.)
Ms. Yael Gaoni (VP of Communications)
Advocate Dan Sharabi (Head of Capital Markets & Company Secretariat Department)
Mr. Ori Gal (VP of Marketing)
Mr. Gideon Koch (IR Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Partner_Communications_Company
https://in.investing.com/equities/partner-communications
https://finance.yahoo.com/quote/PTNR/profile?p=PTNR
https://www.crunchbase.com/organization/partner-communications-company
https://sec.report/CIK/0001096691
Ms. Addie Koren (COO & VP of HR)
Mr. Yakov Truzman (Deputy CEO of Sales & VP)
Mr. Avraham Gabbay (Chief Exec. Officer)