PARTNER COMMUNICATIONS ANNOUNCES RECEIVING A LETTER FORM THE MINISTRY OF COMMUNICATIONS CONCERNING THE AGREEMENT WITH BEZEQ FOR THE PURCHASE OF AN INDEFEASIBLE RIGHT OF USE OF FIBER-OPTIC INFRASTRUCTURE LINES
Partner Communications Company Ltd. (NASDAQ: PTNR), a leading Israeli communications operator, announced on December 27, 2022, that it received a letter from the Ministry of Communications regarding its agreement with Bezeq for an indefeasible right of use (IRU) of fiber optic infrastructure. The letter indicates preliminary competitive concerns about the agreement, prompting a request for Bezeq's position. The outcomes of discussions between the Ministry and Bezeq could potentially impact the existing agreement's implementation.
- None.
- The Ministry of Communications raised competitive concerns regarding the agreement with Bezeq, which may affect its implementation.
- The agreement may be perceived as favoring a single authorized supplier, potentially limiting market competition.
ROSH HA'AYIN, Israel, Dec. 28, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announced that further to the Company's immediate report on December 22, 2022, on December 27, 2022 a letter was received by the Company from the Ministry of Communications, concerning the agreement which was executed between the Company and Bezeq- the Israel Telecommunication Corp. Ltd. ("Bezeq" and "the Agreement"), regarding the purchase of an indefeasible and irrevocable right of use (IRU) of non-specific fiber optic infrastructure lines in buildings connected to Bezeq's fiber-optic infrastructure ("the Letter").
The Letter states that from a preliminary examination of the Agreement, it appears to raise real competitive concerns. Therefore, and bearing in mind the various provisions of the Communications Law (Bezeq and Broadcasting), 1982, the characteristics of Bezeq and bearing in mind its license - the Ministry of Communications contacted Bezeq with a request to receive its position. The aforementioned- in light of the Agreement being adapted to the characteristics of a single authorized supplier (the Company) and therefore cannot be used as a relevant shelf offering for other authorized suppliers in the wholesale market.
The results of the discussion between the Ministry of Communications and Bezeq can affect the agreement in force with Bezeq and its implementation.
About Partner Communications
Partner Communications Company Ltd. 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
Contact:
Sigal Tzadok
Acting Chief Financial Officer
Tel: +972 (54) 781 4958
Amir Adar
Head of Investor Relations & Corporate Projects
Tel: +972 (54) 781 5051
E-mail: investors@partner.co.il
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