Partner Communications to List on The Tel Aviv Stock Exchange.Business Editors ROSH HA'AYIN, Israel--(BUSINESS WIRE)--June 28, 2001 Partner Communications Company Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PTNR , London : PCCD) today announced that it has received approval from The Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. (TASE) to list its shares for trading on the Exchange and has submitted the appropriate forms to enable such trading to commence during the course of next week. Partner initiated this move, taking advantage of a dual listing law, which was passed last year by Israel's Parliament, the Knesset. The law simplifies the procedure for companies traded on the Nasdaq National Market, the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. to also list on the TASE, with no additional material cost and minimal additional regulatory requirements. The TASE also announced that Partner would be included in the Tel Aviv 25 Index (TA 25) and the Tel Aviv 100 Index (TA 100), effective August 1st, 2001. The TA 25 and TA 100 Indexes are composed of the largest companies on the TASE, ranked by market capitalization. The listing on the Tel Aviv Stock Exchange provides access to additional Israeli institutional investors that are currently restricted from trading on foreign exchanges as well as Israeli retail investors and foreign investors who trade on the TASE. Additional advantages include a continuous trading day of 14 hours (from 9:45 a.m. to 11 p.m. Israeli local time (ILT ILT infectious laryngotracheitis. )) as well as efficient, low-cost order execution on the fully automated Tel Aviv Continuous Trading (TACT) system. Partner Communications Company Ltd. is the only Global System for Mobile Communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. , or GSM, mobile telephone network operator in Israel. The Company commenced full commercial operations in January 1999 under the international Orange Brand name and, through its network, provides quality of service and a range of features to over a million subscribers in Israel. Partner subscribers can use roaming services in 80 countries using 208 GSM networks. The Company shares are quoted as American Depositary Shares (ADS) on NASDAQ under the symbol PTNR and on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. under the symbol PCCD. |
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