MoC agrees to amend Partner’s licence terms

14 Mar 2005

Israeli cellco Partner Communications had announced that the Ministry of Communications (MoC) has agreed to amend the term in its licence requiring it to be at least 20% owned by Israeli shareholders, so that just 5% now needs to remain in domestic hands. In the same announcement Partner revealed that it has signed a term sheet for a new USD550 million bank credit facility. Moreover, in preparation for a possible NIS1 billion in unsecured notes to the public in Israel, Partner has obtained ratings from Israel’s two major credit ratings agencies of Aa2 and AA-.

Israel, Partner Communications Company