Dec. 3, 2012, 12:58 PMMedia magnate Haim Saban has finally reached a deal to buy a controlling stake in Israeli carrier Partner (PTNR -1.6%): Saban Capital will pay holding company Scailex 250M shekels ($65M) and assume a $300M loan in exchange for a 30.7% stake. Scailex, which has been looking to sell a large chunk of its stake for at least 10 months, will continue to own 13.8% of Partner. | Comment!
Oct. 15, 2012, 12:18 PMIsraeli carrier Partner Communications (PTNR +4.7%) rallies on news holding firm Scailex is in talks with media magnate Haim Saban about selling its stake in Partner: one report claims Saban will acquire a 35%-40% stake for $400M-$450M through a multi-stage deal. Rival Cellcom (CEL +5.3%) is also higher. (previous) | Comment!
Feb. 2, 2012, 1:04 PMIsraeli mobile carrier Partner Communications (PTNR +4.7%) rises after Scailex, which owns a 44.5% stake in Partner, announces it has hired Deutsche and Lazard to assist in finding a buyer for at least part, and perhaps all, of its stake. It's added Deutsche is willing to provide potential buyers with a credit line of $1B, if necessary. (previously) | Comment!
Dec. 26, 2011, 6:46 AM
PTNR vs. ETF Alternatives
Partner Communications Co Ltd is a telecommunications company. The Company provides cellular and fixed-line telecommunication services, including airtime, interconnect, roaming and ISP services that provide access to the Internet.
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