|Public Shareholding Co. Ltd|
|Sabih Masri (Chairman) Ammar Aker (CEO)|
|Products||Fixed, GSM, GPRS, EDGE, SMS, MMS, ISP|
Number of employees
|Subsidiaries||Paltel, Jawwal, Hadara, Reach|
Palestine Telecommunications (Paltel) Company (Arabic: الاتصالات الفلسطينية شركة), listed in the Palestine Exchange (PEX) as PALTEL, is the largest employer (after the government) in Palestine, employing almost 3,000 people. 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.
In 1995, when Yasser Arafat set up the Palestine Telecommunications Company “Paltel”, only 3% of Palestinians owned a telephone; applicants would have to wait years for a connection by Bezeq, the Israeli state-owned provider. 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. An agreement was reached in 1997 to acquire fixed-telephony from Cable & Wireless, and in 1998 Ericsson won the contract to supply a GSM cellular network. That year Arafat called on mobile users to switch to Paltel which would soon become the sole provider in Palestine.
The mobile operator of PaltelGroup,[clarification needed] with its 2 million subscribers, has stopped a merger operation with Zain, but still will join the One Network project in the year 2010.
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- Dempsey, Judy. C&W appeals to Israeli PM: Financial Times 25 November 2011
- Ericsson, Financial Times 9 July 1998
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