Partner Communications (PTNR) Says Class Action Files Against 012 Smile Subsidiary

September 14, 2016 7:40 AM EDT

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announces that its fully owned subsidiary, 012 Smile Telecom Ltd. ("012 Smile") received a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against 012 Smile and two other international long distance operators (the "Defendants") in the Central District Court on September 11, 2016.

The claim alleges, among others, that the Defendants charge excessive tariffs from occasional customers for each long distance call minute, contrary to section 17 of the Communications Law (Telecommunications and Broadcasting) 1982, that allows a licensee to charge reasonable payment for a telecommunication service that it provides.

The total amount claimed against the Defendants if the lawsuit is recognized as a class action was not stated by the plaintiff.

012 Smile is reviewing and assessing the lawsuit and is unable at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuit or the range of potential exposure, if any.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Litigation

Add Your Comment