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 November 16, 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 Moody’s Places Partner’s Baa3 International Bond Rating on Reviewfor Downgrade |
PARTNER COMMUNICATIONS ANNOUNCES
MOODY’S PLACES PARTNER’S Baa3
INTERNATIONAL BOND RATING ON REVIEW FOR
DOWNGRADE
ROSH HA’AYIN, Israel, November 16, 2009 – Partner Communications Company Ltd. (“Partner” or the “Company”) (NASDAQ and TASE: PTNR), a leading Israeli mobile communications operator, announces that Moody’s Investors Service (“Moody’s”) places Partner Baa3 International rating on review for downgrade.
In its report Moody’s stated that: “Following the announcement that Hutchison Telecom had agreed to sell its controlling shareholding in Partner to Scailex –an Israeli mobile phone importer – Moody’s had indicated certain parameters under which the Baa3 rating of Partner might be maintained. A downgrade could also occur if leverage rose above 2.0-2.5x Debt/Ebitda on a sustained basis, or if the company’s operating performance deteriorated due to increased competitive pressures.”
About Partner
Communications
Partner Communications Company Ltd.
(“Partner”) is a leading Israeli provider of telecommunications services
(cellular, fixed-line telephony and internet services) under the orange™ brand. The
Company provides mobile communications services to over 3million subscribers in Israel (as
of September 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 an approximately 45%-owned subsidiary of Scailex Corporation Ltd. (“Scailex”). Scailex’s shares are traded on the Tel Aviv Stock Exchange under the symbol SCIX and are quoted on “Pink Quote” under the symbol SCIXF.PK. Scailex currently operates in three major domains of activity: 1) the sole import, distribution and maintenance of Samsung mobile handset and accessories products primarily to the three major cellular operators in Israel; 2) distribution and sale of various manufacturers’ mobile handsets, accessories and provision of maintenance services, through a chain of retail stores and booths (“Dynamic”), to end customers of Cellcom (as part of the acquisition of the controlling stake in Partner, Scailex announced to Cellcom the termination of the distribution agreement through Dynamic, effective July 1, 2010) and; (3) management of its financial assets.
For more information about Scailex, see http://www.scailex.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: November 16, 2009