What is "paltel"

'''Paltel ''' or Palestinian Telecommunication Group is the largest private-sector company in Palestine, employing almost 2,000 people. Its subsidiaries include the landline network Paltel, which was in service in 1994, and internet services provider Hadara. It was founded by Mohammad Mustafa, who is the current CEO. Paltel Group makes up 29% of the Palestinian Authority's gross national product and accounts for 33% of the worth of the Palestine Securities Exchange.