Partner bids NIS 187m to buy Xfone

Publication Date26 Aug 2021
AuthorGad Perez
Partner is committed to retaining 70% of Xfone's employees for at least one year and injecting NIS 3 million into the company for a four month intermediary period.

Market sources believe that Partner's bid is designed to be a counterweight to the bid by Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) to buy Xfone, which also is highly unlikely to receive the regulators' permission to make the acquisition.

Widely Mobile, owned by Shimon Reichman is also set...

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