Partner Communications rejects bids for stake in fibre infrastructure

14 Apr 2021

Israel’s Partner Communications Company has announced that it has decided to reject the bids it has received from various investors to acquire 20% of the rights to use its existing and future fibre-optic infrastructure. Previously, in November 2020 Partner had announced that, following inquiries from several potential investors, it had begun examining the possibility of soliciting offers from a potential partner or partners to acquire a stake in the rights to its fibre-optic network. At the time, the Israeli operator suggested the rights to its network would be transferred to a newly-formed partnership, following which the company would then sell a 20% stake in this new entity. Subsequently, in February 2021 Partner confirmed it had received a number of bids from ‘various investors’ for a consideration in excess of ILS550 million (USD167 million) for the stake on offer.

Israel, Partner Communications Company