STOCK TITAN

PARTNER COMMUNICATIONS ANNOUNCES RECEIVING A LETTER FROM THE MINISTRY OF COMMUNICATIONS STATING IT IS SATISFIED THAT THE AGREEMENT WITH BEZEQ, FOR THE PURCHASE OF AN INDEFEASIBLE RIGHT OF USE OF FIBER-OPTIC INFRASTRUCTURE LINES, HAS NO RISK OF CREATING SIGNIFICANT DAMAGE TO THE COMPETITION

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

ROSH HA'AYIN, Israel, Jan. 17, 2023 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announced, further to the Company's immediate reports on December 22, 2022 and on December 28, 2022, that on January 16, 2023, 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").

Partner Communications Logo

The Letter states that, after discussions with Bezeq, Bezeq informed the Ministry of Communications that it intends to reduce the price of single mode fiber optic lines in the BSA fiber service to NIS 72 (without VAT). Following that, the Ministry of Communications is satisfied that the Agreement has no risk of creating significant damage to the competition and therefore has no intention of exercising any of its powers in connection with the Agreement.

About Partner Communications

Partner Communications Company Ltd. is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ: PTNR) (TASE: PTNR).

For more information about Partner see: http://www.partner.co.il/en/Investors-Relations/lobby

Contact:

Miri Takutiel

Chief Financial Officer

Tel: +972 (50) 677-7116

Amir Adar

Head of Investor Relations & Corporate Projects

Tel: +972 (54) 781-5051

E-mail: investors@partner.co.il

Logo: https://mma.prnewswire.com/media/1334689/Partner_Communications_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/partner-communications-announces-receiving-a-letter-from-the-ministry-of-communications-stating-it-is-satisfied-that-the-agreement-with-bezeq-for-the-purchase-of-an-indefeasible-right-of-use-of-fiber-optic-infrastructure-lines-h-301723165.html

SOURCE Partner Communications Company Ltd.

Partner Communications Co.

NASDAQ:PTNR

PTNR Rankings

PTNR Latest News

PTNR Stock Data

Wireless Telecommunications Carriers (except Satellite)
Information
Link
Communications, Wireless Telecommunications
Israel
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