ROSH HA'AYIN, Israel--(BUSINESS WIRE)--Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announces today following a pilot stage, the commencement of the commercial phase and acceleration of its fiber optic network deployment.
Following the Company's report dated June 21, 2016, with respect to the deployment of an independent fixed-line infrastructure using fiber optics, Partner announces that over the last few months it has significantly increased the deployment rollout of the fiber optics in various cities throughout the country and has reached tens of thousands of households, as an expansion of the existing deployment that includes thousands of kilometers of fiber optics, with a presence in business centers and many cities throughout the country. In addition, as part of the Company's deployment plan, Partner intends to double its household reach by the end of the year.
The Company's investment in the fiber optic network is part of the Company's strategy to maintain its technological leadership in the market. The fiber optic network enables the Company, as a comprehensive communications group, to offer higher internet speeds in Israel and to offer additional advanced services, such as high quality TV services.
For further information please see the Company's press release and immediate report (on Form 6-K) dated June 21, 2016 at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891316005715/0001178913-16-005715-index.htm or http://maya.tase.co.il/reports/details/1041592 and the Company's Annual Report on Form 20-F for the year ended December 31, 2016 – "Item 4. Business Overview".
Forward-Looking Statements
This
press release includes forward-looking statements, as this term is
defined in 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 “will”, "believe", "anticipate",
"expect", "intend", "strive", "seek", "plan", "could", "may", "foresee",
"target", "objective", "goal", declensions thereof and similar
expressions typically convey forward-looking statements, but these words
are not the only words that convey these statements. We have based these
forward-looking statements on our current knowledge and our present
beliefs and projections regarding possible future events. These
forward-looking statements include the Company's expectations regarding
the scope and quality of services that the Company will be able to offer
its customers in the future and the number of households the network
will reach by the end of the year. These statements are subject to
risks, uncertainties and assumptions, including the dependency of the
Company's fiber optic based infrastructure project, among others, on the
regulator's assistance and steps that the regulator will take to ensure
we will not be blocked in establishing our new and advanced network and
the extent to which the project will expand the Company's ability to
offer its customers various advanced technological and high quality
services.
About Partner Communications
Partner
Communications Company Ltd. ("Partner") is a leading Israeli provider of
telecommunications services (cellular, fixed-line telephony, internet
and television services). 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.partner.co.il/en/Investors-Relations/lobby/
