PARTNER COMMUNICATIONS ANNOUNCES THE RECEIPT OF THE MINISTRY OF COMMUNICATIONS' APPROVAL WITH RESPECT TO A TRANSACTION TO SELL THE COMPANY'S SHARES UNDER RECEIVERSHIP

Provided By PR Newswire

Last update: Mar 30, 2022

ROSH HA'AYIN, Israel, March 30, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, reports, that further to the Company's press releases dated November 25, 2021 and December 16, 2021 and Item 3D.3a in the Company's Annual Report on Form 20-F for 2021, on March 29, 2022, the Minister of Communications' approval ("Approval") was received for the transfer of control and of the means of control and the change of the institutional investors or their substitutes in connection with a transaction for the purchase of 49,862,000 of the Company's shares held by S.B. Telecom Ltd. constituting approximately 27% of the Company's issued and outstanding share capital by Amphissa Holdings Limited Partnership ("the Transaction").