Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements are contained in Partner’s press release dated February 22, 2012; as well as Partner’s prior filings with the U.S. Securities and Exchange Commission on Forms 20-F, F-1 and 6-K, as well as the S-3 shelf registration statement, all of which are readily available. Please note that the information in this conference call related to projections or other forward-looking statements is subject to the previous Safe Harbor Statement as of the date of this call.

For your information, this call is being broadcast simultaneously over the Internet and can be accessed through our website at www.orange.co.il. I will now turn the call over to Partner’s CEO, Haim Romano. Haim?

Haim Romano

Hi. Thank you, Gideon, and good morning everyone in U.S. and good afternoon to everyone else. Partner reports today the main estimates fourth quarter and full year results. The financial results for 2011 reflected changing market conditions, the effect of the regulatory changes, as well as increasing competition in the Israeli telecommunication market.

The tough market conditions required us to adjust our organization and to act accordingly while maintaining our assets and improving operational profit. We are now in a transition period, and we’ll have to take some measures and we do take them to attract the new market conditions. I’d like to take the opportunity and name few of them.

Our main focus is the customer. We have a long tradition of treating our customers as our main assets. We will continue to take all the necessary steps in order to protect (inaudible).

In the fourth quarter we started to implement a number of measures in order to improve our customer experience, which just started (inaudible) the offers to the customers by introduction of new packages named Orange Clear. That are simple and a straight forward packages, and we will now have more than 120,000 subscribers in the Orange Clear package.

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