Partner Communications Announces the Receipt of a Temporary Allocation of Spectrum Bands in The 700 MHz Frequency Band
July 12 2018 - 10:19AM
Business Wire
Partner Communications Company Ltd. ("Partner" or the
"Company") (NASDAQ and TASE: PTNR), a leading Israeli
communications operator, reports, that the Ministry of
Communications has temporarily allocated to the Company spectrum
bands in the 700 MHz frequency band for the use of advanced LTE
technologies, subject to the Company's commitment to comply with
all the terms of the temporary allocation ("Temporary
Allocation").
The Temporary Allocation will enable the Company to prepare for
use of the 700 MHz frequency band, for the provision of advanced
MRT services and to streamline the adaptation of the relevant
technology. In addition, the said use will enable the Company to
improve the quality and coverage of the cellular service it
provides to its subscribers.
The Temporary Allocation shall expire in one of the following
circumstances: (i) 60 days after the announcement of the tender
winners for advanced MRT services that the Ministry of
Communications is currently formulating ("Tender"); (ii)
insofar as the Company shall win the Tender; (iii) insofar as the
Company will not make use of the frequencies of the Temporary
Allocation within 90 days of the allocation date; and (iv) 60 days
after receipt of notice of cancellation by an authorized
entity.
Partner uses a joint radio network with Hot Mobile Ltd., through
the joint venture P.H.I. Networks (2015) LP, in accordance with the
network sharing agreement between the two companies.
About Partner
CommunicationsPartner 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/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180712005530/en/
Mr. Tamir AmarChief Financial OfficerTel:
+972-54-781-4951orMs. Liat Glazer ShaftHead of Investor
Relations & Corporate ProjectsTel:
+972-54-781-5051E-mail: investors@partner.co.il
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