Tag Archives: partner

Partner: We can’t cope without more frequencies
The mobile carrier says it needs frequencies to establish a high-quality 4G network.

Partner wants joint mobile network with rivals
Partner VP engineering Eyal Iluz: Mobile carriers need more frequencies to meet demand for LTE and Wi-Fi.

S.B. Israel Telecom Ltd., an affiliate of Saban Capital Group, Inc., announced today that it had closed its acquisition of the controlling interest in Orange franchisee Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) from Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) The transaction includes the assumption of debt owed by Scailex to Advent Investments Pte Ltd., a subsidiary of Hutchison Whampoa Ltd. (HKEX: 13).

Haim Saban’s takeover of Orange franchise Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) will be completed within days, after Saban Capital Group Inc. cleared the last obstacle to the deal – a permit from the Ministry of Communications for the deal. In a notice to the TASE yesterday, Partner’s controlling shareholder Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF), controlled by Ilan Ben-Dov, said, “The company and the buyer are preparing to close the deal within a few days, under the terms of the acquisition agreement.”

The sale of cellular carrier Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) to Haim Saban is set to be signed either later today or tomorrow. The deal for the Orange franchisee will be completed before Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) through which controlling shareholder Ilan Ben-Dov controls Partner, publishes its financial report for the third quarter of 2012.

At midnight on Friday, Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) announced that final agreement had been reached for the transfer of control of Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) to Haim Saban, after the Scailex board approved the deal.

Sources inform ”Globes” that Orange franchisee Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) is about to fire 100 employees, mostly from headquarters and call centers. The current round of layoffs is part of the carrier’s effort to slash costs to cope with the increased competition in the mobile market.

Two months after the collapse of the sale of control of Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) to Hutchison Whampoa Ltd. (HKSE: 0018), Haim Saban is in talks to acquire the Orange franchisee from Ilan Ben-Dov.