About Paltel Group
Paltel Group was established in 1995 as a holding company in the telecommunications sector, based in Ramallah, Palestine. Fixed and international telephone services, internet access, data communications, and mobile operations are offered through subsidiaries including Paltel, Jawwal, Reach, Hadara, and Palmedia. These services support connectivity needs within the region, with oversight managed from the central location.
- Headquarter Ramallah, Palestine
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Funding Insights of Paltel Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Paltel Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paltel Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paltel Group Comparisons
Competitors of Paltel Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Paltel Group
When was Paltel Group founded?
Paltel Group was founded in 1995.
Where is Paltel Group located?
Paltel Group is headquartered in Ramallah, Palestine.
Who is the current CEO of Paltel Group?
Ammar Al Aker is the current CEO of Paltel Group.
What does Paltel Group do?
Paltel Group was established in 1995 as a holding company in the telecommunications sector, based in Ramallah, Palestine. Fixed and international telephone services, internet access, data communications, and mobile operations are offered through subsidiaries including Paltel, Jawwal, Reach, Hadara, and Palmedia. These services support connectivity needs within the region, with oversight managed from the central location.