Location: West Bank and Gaza Strip
Total Assets: USD$ 811 million (as of end of 2011)
Establishment Date: 1995
Operating Date: 1997
Number of Employees: 3,000
Business Sector: Telecommunications
Palestine Telecommunications Company (Paltel Group) is the telecommunications leader in Palestine; the Group launched its operations in 1997 as a public shareholding company. Paltel contributes about 12%
to the GDP of Palestine and is the number one employer in the private sector with 3,000 employees in the West Bank and Gaza Strip. Paltel stock represents 35% of the total market cap of the Palestine Exchange. Paltel’s net earnings grew from USD $12.1 million in 2000 to USD $128 million in 2011, providing the company with financial stability to further invest in technology and synergies across the ICT industry. Paltel Group is an integrated holding company consisting of:
PalTel, the Palestine Telecommunications Company
www.paltel.ps
Jawwal, the Palestine Cellular Communications Company, the first mobile operator
www.jawwal.ps
Hadara, an Internet Services Provider
www.hadara.ps
Reach, the first contact center in Palestine
www.reach.ps
Paltel Group Foundation
www.pgfoundation.ps
Jericho Gate,Real Estate Title & Development
www.jerichogate.com
Pal Awards
www.pal-awards.ps
