ROSH HA’AYIN, Israel--(BUSINESS WIRE)--Jul 12, 2018--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 Communications Partner 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/
CONTACT: Mr. Tamir Amar
Chief Financial Officer
Ms. Liat Glazer Shaft
Head of Investor Relations & Corporate Projects
KEYWORD: UNITED STATES NORTH AMERICA MIDDLE EAST ISRAEL
INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: Partner Communications Company Ltd.
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PUB: 07/12/2018 10:19 AM/DISC: 07/12/2018 10:19 AM