September 7th, 2000

Paltel Seriously Considering Strategic Shareholding

Paltel acting chief executive officer Zahi Khouri, declared officially the company's heading towards international partnership through opening a specified share of Paltel for international leading telecommunication companies. The percentage of the company to be sold, the method of sale and the international partner have not been settled yet. He emphasized the strong interest expressed by many international companies in Paltel sale.

Khouri elaborated that strategic investment is currently being encouraged aiming at comprehensive uplifting of the whole Telecommunications Sector level in Palestine. Thus, transforming Paltel into a benchmark of communication services with global and state of the art specifications is to be tangible shortly, and so allowing for direct interaction with international markets. He added that strategic shareholding in Paltel with one of the most advanced telecommunications provider, would eventually lead to acquiring distinguished experiences and preparing for future universal competition due to being exposed for multi-national expertise.