Rosh Ha'ayin, Israel - December 18th, 2001 - Partner Communications Company Ltd. (NASDAQ, TASE: PTNR, LSE: PCCD) announced today that the Tender Committee of the Ministry of Communications has informed the Company that as a result of an auction process held today Partner will be awarded a 2G band (1800 spectrum) and a 3G band of spectrum. The awards are subject to final approval by the Minister of Communications.
Partner will pay 180 million NIS ($US 42.5 million) for the 2G spectrum in two installments. The first installment in the amount of 108 million NIS ($US 25.5 million), is payable 45 days after the spectrum will be formally awarded and the second installment is payable by the end of 2003. Cellcom was also awarded a 2G band (1800 spectrum) in this auction.
Partner will pay 220 million NIS ($US 52.0 million) for the 3G spectrum in five installments through 2006. The first installment in the amount of 68 million NIS ($US 16.1 million), is payable 45 days after the spectrum will be formally awarded. As part of the licensing process, Partner's license will be extended through 2012. Pelephone and Cellcom were also awarded 3G bands of spectrum.
Partner Communications Company Ltd. is the Global System for Mobile Communications, or GSM, mobile telephone network operator in Israel. The Company commenced full commercial operations in January 1999 under the international Orange Brand name and, through its network, provides quality of service and a range of features to over 1.3 million subscribers in Israel. Partner subscribers can use roaming services in 86 countries using 218 GSM networks. The Company shares are quoted on NASDAQ and on the Tel Aviv Stock Exchange (TASE) under the symbol PTNR and on the London Stock Exchange (LSE) under the symbol PCCD.
(For further information: http://investors.partner.co.il)
Contact:
Partner Communications Company Ltd.
Dr. Dan Eldar
VP Carrier, Investor and International Relation
Tel: +972-3-9054151
Fax: +972-3-9054161
Email: dan.eldar@orange.co.il
| © Copyright 1996-2023 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |