Saban buys control of Israel’s Partner Communications

New Gadgets | Sunday December 2 2012 4:09 pm | Comments (0) Tags: , , , , , , , , , , , , , , , , , , ,

JERUSALEM (Reuters) – U.S.-Israeli media magnate Haim Saban agreed to buy a controlling stake in Israel’s second largest telecoms operator, Partner Communications , to expand into the market for bundled phone, internet and television services. Saban Capital will pay Israeli holding company Scailex Corp 250 million shekels ($65 million) in cash, and take on a $300 million loan that Scailex owes to Hong Kong conglomerate Hutchison Whampoa , Scailex said in a statement to the Tel Aviv Stock Exchange. …

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Saban buys control of Israel’s Partner Communications

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