August 28, 2014 1:08 PM ET

Diversified Telecommunication Services

Company Overview of 012 Smile Telecom Ltd.

Company Overview

012 Smile Telecom Ltd. provides communication services. The company offers international and local telecommunication fixed services, which includes telephony services using video object (VoB) access, and internet services. The company was formerly known as Ampal Investments and Communications 2009 Ltd. The company was founded in 1997 and is based in Petach Tikva, Israel. As of March 3, 2011, 012 Smile Telecom Ltd. operates as a subsidiary of Partner Communications Company Ltd.

25 Hasivim Street

Petach Tikva,  49170

Israel

Founded in 1997

Phone:

972 72 200 9063

Fax:

972 72 200 9074

Key Executives for 012 Smile Telecom Ltd.

Chief Executive Officer
Age: 40
Compensation as of Fiscal Year 2014.

012 Smile Telecom Ltd. Key Developments

012 Smile Telecom Ltd Faces Class Action Lawsuit

Partner Communications Company Ltd. announced that its 012 Smile Telecom Ltd. was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against 012 Smile on July 13, 2014 in the Central District Court. The claim alleges that 012 Smile increased the service tariffs in certain tariff plans for fixed-line telephony services not in accordance with 012 Smile's representations and the terms of the subscriber agreement. If the lawsuit is recognized as a class action the total amount claimed against 012 Smile is estimated by the plaintiff to be approximately ILS 27 million. 012 Smile is reviewing and assessing the lawsuit and 012 Smile and Partner are 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.

012 Smile Telecom Ltd. Receives a Lawsuit and a Motion for the Recognition of this Lawsuit as a Class Action

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 filed against 012 Smile on June 4, 2013 in the Tel-Aviv District Court. The claim alleges that 012 Smile does not meet its legal obligation with respect to the customer service call centers' response time. If the lawsuit is recognized as a class action the total amount claimed against 012 Smile is estimated by the plaintiff to be ILS 30 million. 012 Smile is reviewing and assessing the lawsuit and 012 Smile and Partner are 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.

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