PARTNER COMMUNICATIONS REPORTS THAT THE MINISTRY OF COMMUNICATIONS HAS PUBLISHED A FREQUENCIES TENDER

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR) announced that the Israeli Ministry of Communications published 5G tender documents for frequencies in the 26 GHz Band on December 7, 2022. The tender includes 25 pricing bands with 100 MHz each, totaling 2,500 MHz, available for 10 years. Only existing MRT operators can participate, with a maximum of 12 pricing bands (1,200 MHz) allowed per operator or joint bidders. Partner is reviewing the documents but cannot determine the financial implications at this time.

Positive

• None.

Negative

• Uncertainty regarding the financial implications of participation in the 5G tender.

ROSH HA'AYIN, Israel, Dec. 11, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, reports that on December 7, 2022, the Israeli Ministry of Communications published the 5G tender documents in the 26 GHz Band (the "Tender"). As part of the Tender, 25 pricing bands with a bandwidth of 100 MHz each (for a total of 2,500 MHz) are being offered (the "frequencies") for a period of 10 years.

According to the terms of the Tender, only existing MRT operators will be allowed to compete for the frequencies being offered in the Tender. In addition, MRT operators sharing a joint network are allowed to bid jointly in the Tender. 

The Tender documents stipulate, among others, the threshold conditions for participation in the Tender, the schedules for participating in it and a maximum limit according to which a sole MRT operator or MRT operators sharing a joint network who jointly bid in the Tender, as applicable, can win no more than 12 pricing bands (1,200 MHz). The minimum price for each pricing band is yet to be determined.

The Company is studying the Tender documents and examining the feasibility of its participation in the Tender, and cannot estimate, at this time, the implications of the Tender on the activities of the Company and its financial implications.

About Partner Communications

Partner Communications Company Ltd. ("Partner") 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/ 

Contacts:

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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SOURCE Partner Communications Company Ltd.

FAQ

What is the recent announcement from Partner Communications regarding the 5G tender?

On December 7, 2022, Partner Communications announced the publication of 5G tender documents by the Israeli Ministry of Communications, offering frequencies in the 26 GHz Band.

How many pricing bands are included in the Partner Communications 5G tender?

The tender includes 25 pricing bands, each with 100 MHz, totaling 2,500 MHz.

What restrictions apply to the 5G tender for Partner Communications?

Only existing MRT operators can participate in the 5G tender, and a maximum of 12 pricing bands (1,200 MHz) can be won by a single operator or joint bidders.

What is the duration of the frequencies offered in the 5G tender?

The frequencies in the 5G tender are available for a period of 10 years.

What is the current status of Partner Communications' participation in the 5G tender?

Partner Communications is currently studying the tender documents and evaluating the feasibility of its participation.