Partner Communications Updates Regarding A Possible Transaction In The Fiber Optics Field

USA - English

• USA - English

ROSH HA'AYIN, Israel, Feb. 21, 2021 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announces that, following the Company's report dated November 18, 2020, and further to publications in the media, it has received several bids from various investors to acquire 20% of the rights to use the Company's existing and future fiber optic network for services to private households, for a consideration in excess of NIS 550 million.

The Company is considering the bids that were received. Insofar as the Company will decide to proceed to the stage of binding offers and towards a transaction, it will continue to report.

It should be emphasized that there is no certainty that such a transaction will be executed and/or will receive the required approvals for its completion.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, Section 21E of the US Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Words such as "estimate", "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "project", "goal", "target" and similar expressions often identify forward-looking statements but are not the only way we identify these statements. We have based these forward-looking statements on our current knowledge and our present beliefs and projections regarding possible future events. These forward-looking statements include the Company's expectation regarding the consideration of a potential transaction in which the Company will sell a certain percentage of a legal entity to which the Company will transfer the right of use for 'home connected' in the Company's existing and future independent fiber optic network. These forward-looking statements are subject to risks, uncertainties and assumptions about Partner and its operations, including the Company's ability to complete such potential transaction under the desired market conditions and the current and future regulatory conditions, subject to possible economic, regulatory, legal and other developments. In light of these risks, uncertainties, assumptions and future developments, the forward-looking events discussed in this press release might not occur, and actual results may differ materially from the results anticipated. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

About Partner Communications
Partner Communications Company Ltd. ("Partner") 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 and TASE: PTNR).
For more information about Partner see:
http://www.partner.co.il/en/Investors-Relations/lobby/

Contacts:

 

SOURCE Partner Communications Company Ltd.