The term of the Agreement is three years during which Partner has agreed to purchase a minimum quantity of iPhone handsets per year which quantity will represent a significant portion of the Company’s expected handset purchases over that period. The total cost of the purchases will depend on the prices of the handsets at the time of purchase.
Partner is a leading Israeli telecommunications operator (cellular, fixed-line telephony and Internet Services Provider) under the orange™ brand. The Company provides mobile communications services to 2.903 million subscribers in Israel (as of March 31, 2009). Partner is a subsidiary of Hutchison Telecommunications International Limited (“Hutchison Telecom”), a leading global provider of telecommunications services. Hutchison Telecom currently offers mobile and fixed line telecommunications services in Israel, and operates mobile telecommunications services in Thailand, Sri Lanka, Vietnam and Indonesia. It was the first provider of 3G mobile services in Israel and operates brands including “Hutch”, “3” and “orange”. Hutchison Telecom, a subsidiary of Hutchison Whampoa Limited.
Source: Hutchison Telecommunications International Limited