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General

Saban completes Partner acquisition

Wednesday 30 January 2013 | 11:33 CET | News
Israel Telecom, an affiliate of Saban Capital Group, announced that it has closed its acquisition of the controlling interest in Orange franchisee Partner Communications from Scailex. In a statement, the firm said the transaction includes the assumption of debt owed by Scailex to Advent Investments, a subsidiary of Hutchison Whampoa. Saban Capital Group chairman and CEO Haim Saban said they have great confidence in the Israeli economy and are very impressed with the quality of management, entrepreneurial spirit and strength of the local economy. Following the completion of the transaction,

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Categories: General
Companies: Hutchison Whampoa / Orange / Partner Communications
Countries: Israel
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