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 September 14, 2009
Partner
Communications Company Ltd.
(Translation of
Registrant’s Name Into English)
8 Amal Street
Afeq Industrial Park
Rosh Ha’ayin 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 Midroog Revised the Outlook of its “Aa2” Bond Rating to “Negative”.
PARTNER
COMMUNICATIONS ANNOUNCES
MIDROOG REVISED THE OUTLOOK OF ITS “Aa2”
BOND RATING
TO “NEGATIVE”
ROSH HA’AYIN, Israel, September 13, 2009 – Partner Communications Company Ltd. (“Partner” or “the Company”) (NASDAQ and TASE: PTNR), a leading Israeli mobile communications operator, announces that Midroog Ltd. (“Midroog”), an affiliate of Moody’s Investors Service, revised the outlook of the Company’s “Aa2” bond rating from “stable” to “negative”.
In its report, Midroog stated that: “The negative outlook results from the uncertainty regarding the impact of the change of control in the Company on the business, managerial and financial parameters. Midroog estimates that the change of control will lead to an increase in the financial debt and in the leverage level. In addition Midroog assumes that the change of control will lead to an increase in the dividend distribution.”
The entire report can be found on
Midroog’s website:
http://www.midroog.co.il/
About Partner
Communications
Partner Communications Company Ltd.
(“Partner”) is a leading Israeli provider of telecommunications operator
(cellular, fixed-line telephony and Internet Services Provider) under the orange™
brand. The Company provides mobile communications services to 2.944 million subscribers in
Israel (as of June 30, 2009). 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).
Partner is a subsidiary of Hutchison Telecommunications International Limited (“Hutchison Telecom”), a leading global provider of telecommunications services. Hutchison Telecom currently offers mobile and fixed line telecommunications services in Israel, and operates mobile telecommunications services in Thailand, Sri Lanka, Vietnam and Indonesia. It was the first provider of 3G mobile services in Israel and operates brands including “Hutch”, “3” and “orange”. Hutchison Telecom, a subsidiary of Hutchison Whampoa Limited, is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker “HTX” and shares listed on the Stock Exchange of Hong Kong under the stock code “2332". For more information about Hutchison Telecom, see www.htil.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: September 14, 2009