Paltel Group

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Palestine Telecommunications (Paltel) Company
شركة الاتصالات الفلسطينية
Public Shareholding Co. Ltd
IndustryTelecommunications
Founded1995[1]
FounderSabih Masri
Headquarters,
Palestine
Area served
Palestine
Key people
Sabih Masri (Chairman) Ammar Aker (CEO)
ProductsFixed, GSM, GPRS, EDGE, SMS, MMS, ISP
Number of employees
3,000
ParentPaltel Group
SubsidiariesPaltel, Jawwal, Hadara, Reach
Websitehttp://www.paltel.ps, http://www.paltelgroup.ps/

Palestine Telecommunications (Paltel) Company (Arabic: الاتصالات الفلسطينيةشركة), listed in the Palestine Exchange (PEX) as PALTEL, is the largest employer (after the government) in Palestine, employing almost 3,000 people.[2] Paltel Group consists of four companies: Palestine Telecommunications (Paltel), Palestine Cellular Communications Ltd. (Jawwal), Hadara Company (Internet provider), and Reach (Contact center). It was founded by Sabih Masri, Chairman of the Board of Directors, in 1995, as a public shareholding company.

History[edit]

In 1995, when Yasser Arafat set up the Palestine Telecommunications Company “Paltel”, only 3% of Palestinians owned a telephone;[3] applicants would have to wait years for a connection by Bezeq, the Israeli state-owned provider.[4] The initial three-year plan was to invest $600m in the West Bank and Gaza in order to increase customers from 85,000 to 250,000.[5] An agreement was reached in 1997 to acquire fixed-telephony from Cable and Wireless,[6] and in 1998 Ericsson won the contract to supply a GSM cellular network.[7] That year Arafat called on mobile users to switch to Paltel which would soon become the sole provider in Palestine.[8]

The mobile operator of PaltelGroup,[clarification needed] with its 2 million subscribers,[9][10] has stopped a merger operation with Zain,[11] but still will join the One Network project in the year 2010.

In 2015, Paltel and fellow provider Ooredoo were granted access by Israeli authorities to use 3G, something they were previously restricted from doing.[12]

Controversies[edit]

In April 2016, the company's founding chief executive officer (CEO), Mohammad Mustafa, was named in the Panama Papers.[13]

References[edit]

  1. ^ "Palestine Telecommunications Company P.L.C.: Private Company Information". bloomberg.com. Retrieved 31 May 2018.
  2. ^ Devi, Sharmila, Financial Times, 29 March 2007
  3. ^ Prusher, Ilene R. Palestinians sprint to break Israeli grip on phone lines, The Christian Science Monitor 20 August 1996
  4. ^ Dempsey, Judy. Paltel on fast track to solve communication problem Financial Times 11 December 1996
  5. ^ Machlis, Avi. Palestinian telecoms plan Financial Times 19 November 1996.
  6. ^ Dempsey, Judy. C&W appeals to Israeli PM: Financial Times 25 November 2011
  7. ^ Ericsson, Financial Times 9 July 1998
  8. ^ Christopher Walker Arafat renews vow to declare independence The Times 10 July 1998
  9. ^ Palestinian Market Briefs - U.S. Commercial Service West Bank and Gaza Archived 2009-08-30 at the Wayback Machine
  10. ^ http://www.ynetnews.com/articles/0,7340,L-3882440,00.html
  11. ^ Zain-Paltel share swap deal abandoned - Telecoms - News & Features - ITP.net
  12. ^ "Israel Agrees To Allow Palestinian Telecommunication Companies Access To 3G". imemc.org. November 20, 2015. Retrieved December 5, 2018.
  13. ^ "Panama Papers: The Power Players". International Consortium of Investigative Journalists. Retrieved April 3, 2016.