Benzinga | Feb 21, 2021 10:06AM EST

Partner Communications Says Considering Several Bids from Various Investors Regarding Possible Acquisition of 20% of the Rights to Use Company's Fiber Optic Network for NIS 550M+

Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ:PTNR) 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.

Partner_Communications_LogoThe 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.