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TheStreet Open House

Partner Communications' CEO Discusses Q1 2012 Results - Earnings Call Transcript

The full merger we enhance our focus on the customer and will enable us to provide a diverse range of services at home and mobile. Last week we saw a significant change in the cellular market in Israel.

With two new operators launching the operations with an unlimited plan, offering prices that were far beyond the relevant prices in the market (indiscernible). We are prepared to the competition and we have updated our marketing offers to the new market price levels.

At the same time, as – and especially in light of the recent events, we are required to examine and to adjust our business plans to the new realities. We will continue with our efficiency plan and even enhances. We will continue with our investments as planned. We will invest a large amount of money in resources to upgrade our network and in August this year we will complete and upgrade the most parts of the Israeli population geography with our sites, and we will have covered the major population centers.

At the same time our IT system recovery plan is progressing as planned. We are also looking ahead focusing on the future potential growth [Technical difficulty] over the internet. We intend to launch during the next six months a television and content services over the internet, OTT, subject to removal of regulatory barriers by the MOC. This services will be added to a wide range of services offered by the Company and at significantly lower price.

In closing, I’m convinced that our unique spirit and continued investments of – continuous investments on our assets, our value customers, employees in the Orange brands, we will continue to serve as a platform to promote our business and cope with the future challenges.

And now I’d like to hand over the call to Mr. Ziv Leitman, our CFO. Ziv?

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