PARTNER COMMUNICATIONS ANNOUNCES THAT MR. AVI GABBAY HAS JOINED AMPHISSA HOLDINGS

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR) announces that on June 1, 2022, Zela Holdings Ltd., owned by CEO Avi Gabbay, became a general partner in Amphissa Holdings Limited Partnership. Additionally, Zela Investments Ltd. joined as a limited partner, holding a 10.2% stake in the Partnership. This development follows an earlier report on April 4, 2022, and signifies a strategic move for the company in its involvement with the Partnership.

Positive

• CEO Avi Gabbay's involvement in Amphissa Holdings could offer strategic advantages.
• Zela Holdings' entry as a general partner indicates potential growth opportunities.

Negative

• None.

ROSH HA'AYIN, Israel, June 2, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR) , a leading Israeli communications operator, reports that, further to the Company's report dated April 4, 2022, the Company has been informed that on June 1, 2022, Zela Holdings Ltd., a company wholly owned by Mr. Avi Gabbay, the Company's CEO, has joined Amphissa Holdings Limited Partnership (the "Partnership") as one of the two general partners (in equal parts with the other general partner, Israel Lighterage and Supply Co. Ltd.), and Zela Investments Ltd., controlled by Mr. Avi Gabbay, also joined the Partnership as a limited partner (at a total level of 10.2% of the Partnership).

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: PTNR) (TASE: PTNR).

For more information about Partner see: http://www.partner.co.il/en/Investors-Relations/lobby

Contact:

Tamir Amar
Deputy CEO & Chief Financial Officer
Tel: +972 (54) 781 4951

Amir Adar
Head of Investor Relations & Corporate Projects
Tel: +972 (54) 781 5051
E-mail: investors@partner.co.il

 

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SOURCE Partner Communications Company Ltd.

FAQ

What recent partnership has Partner Communications announced?

Partner Communications announced that CEO Avi Gabbay's Zela Holdings has joined Amphissa Holdings as a general partner.

What percentage stake does Zela Investments Ltd. hold in the Partnership?

Zela Investments Ltd. holds a 10.2% stake in Amphissa Holdings Limited Partnership.

When did Zela Holdings join Amphissa Holdings?

Zela Holdings joined Amphissa Holdings on June 1, 2022.

What is the significance of Zela Holdings' partnership for PTNR?

The partnership could provide strategic benefits and growth opportunities for Partner Communications.