|
The Pre PALTEL Era The Oslo Agreement was signed in 1994. Hope for peace in Palestine grew evident in 1995. Investment opportunities for Palestinians throughout the world were ample. A new life, a new beginning and a new economy. This was the environment that led to the establishment of Palestine Telecommunications Co. (PALTEL). An essential ingredient to reconstructing the nation’s infrastructure is the establishment of a modern and comprehensive telecommunications network, independent from Israeli control. The Company PALTEL is the national telecommunications provider in Palestine. With the pace of technology rapidly changing, PALTEL today leads Palestine into the new era of communications through its state of the art technology and advanced services. PALTEL offers a range of services including local and international telephone services, internet, data communications, mobile, value-added services, Payphones, next generation services in addition to creating the backbone for other related telecom service. The company has an exclusive License Agreement with the PNA to develop the telecom sector whereby commencing operations on January 1, 1997 with a paid capital JD45 million which was further increased in 1999 to JD 67.5 million ($95m). PALTEL is a public shareholding company listed on the Palestine Securities Exchange. Its shareholders vary from a range of institutional and individual investors. |
