Partner to buy 012 Smile for ILS 1.5 bln

Thursday 14 October 2010 | 07:36 CET | News
Ampal-American Israel Corporation (Ampal) announced that its subsidiary Merhav-Ampal Energy has agreed to sell 012 Smile Telecom to Partner Communications for about ILS 692 million (USD 191 million). As part of the transaction, Partner has also agreed to assume about ILS 800 million of long-term debt, which brings the total transaction value to ILS 1.492 billion. The takeover gives a boost to Partner's recent move into the fixed-line market. 012 Smile is an Israeli operator providing local and international voice, internet and VoIP services; the company is estimated to provide Partner with a

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Partner Communications / Smile Telecom
Countries: Israel
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


012 Smile sale gets regulatory approval

Published 01 Mar 2011 11:41 CET | Israel
Ampal-American Israel Corporation (Ampal) announced the approval of the Israeli Ministry of Communication for its agreement to ...

Partner revenues rise more than 10% in Q2

Published 31 Aug 2010 13:55 CET | Israel
Israeli mobile operator Partner Communications saw its net revenues grow by 10.7 percent year-on-year to ILS 1.676 billion (USD ...