PARTNER COMMUNICATIONS ANNOUNCES RECEIVING A LETTER FORM THE MINISTRY OF COMMUNICATIONS CONCERNING THE AGREEMENT WITH BEZEQ FOR THE PURCHASE OF AN INDEFEASIBLE RIGHT OF USE OF FIBER-OPTIC INFRASTRUCTURE LINES
12/28/2022 - 02:11 PM
ROSH HA'AYIN, Israel Dec. 28, 2022 Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announced that further to the Company's immediate report on December 22, 2022 , on December 27, 2022 a letter was received by the Company from the Ministry of Communications, concerning the agreement which was executed between the Company and Bezeq- the Israel Telecommunication Corp. Ltd. ("Bezeq " and "the Agreement "), regarding the purchase of an indefeasible and irrevocable right of use (IRU) of non-specific fiber optic infrastructure lines in buildings connected to Bezeq's fiber-optic infrastructure ("the Letter ").
The Letter states that from a preliminary examination of the Agreement, it appears to raise real competitive concerns. Therefore, and bearing in mind the various provisions of the Communications Law (Bezeq and Broadcasting), 1982, the characteristics of Bezeq and bearing in mind its license - the Ministry of Communications contacted Bezeq with a request to receive its position. The aforementioned- in light of the Agreement being adapted to the characteristics of a single authorized supplier (the Company) and therefore cannot be used as a relevant shelf offering for other authorized suppliers in the wholesale market.
The results of the discussion between the Ministry of Communications and Bezeq can affect the agreement in force with Bezeq and its implementation.
About Partner Communications
For more information about Partner see: http://www.partner.co.il/en/Investors-Relations/lobby
Contact: Sigal Tzadok
Amir Adar investors@partner.co.il
Logo - https://mma.prnewswire.com/media/1334689/Partner_Communications_Logo.jpg
https://www.prnewswire.com/news-releases/partner-communications-announces-receiving-a-letter-form-the-ministry-of-communications-concerning-the-agreement-with-bezeq-for-the-purchase-of-an-indefeasible-right-of-use-of-fiber-optic-infrastructure-lines-301710733.html
SOURCE Partner Communications Company Ltd.
Partner Communications Co.
PTNR Rankings
N/A Ranked by Stock Gains
PTNR Stock Data
Industry
Wireless Telecommunications Carriers (except Satellite)
Sector
Information
Tags
Communications, Wireless Telecommunications
Country
Israel
City
P O Box 435 Afeq Industrial Park
About PTNR
partner communications company ltd. is a leading israeli provider of telecommunications services (cellular, fixed-line telephony and internet services). partner’s adss are quoted on the nasdaq global select market™ and its shares are traded on the tel aviv stock exchange (nasdaq and tase: ptnr). why partner? • a leading communications group providing services that include mobile cellular telephony, fixed-line telephony, international telephony, internet services, transmission, data communications, and pri. • the group operates through strong communications brands: orange and 012 smile. • a major cellular operator commanding approximately 28% of the israeli market. • first to introduce 4g services in israel • superior customer service and operational excellence. • strategic agreement for network sharing with hot mobile • s.b. israel telecom ltd., an affiliate of saban capital group, inc., a global private investment firm specializing in media, entertainment and communications, holds app
