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(photo credit: )
Partner Communications confirmed Thursday the completion of its NIS 1.45 billion purchase of 012 Smile, after the takeover was approved Tuesday by the Communications Ministry and other regulators.
The mobile-network operator, which operates under the Orange brand name, purchased Ampal-American Israel Corporation’s stake in 012 Smile in a deal last October. The purchase was the largest non-real-estate acquisition in Israel in 2010.
Partner CEO Ya’acov Gelbard said the purchase was an important strategic
step in the company’s path to becoming a comprehensive communication
“This deal will expand the range of Partner’s services and products, to
the benefit of Partner’s customers and the benefit of the broader
public,” he said.
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