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Stock Market & Financial Investment News

News Breaks
January 21, 2013
19:11 EDTPTNRPartner Communications says Scailex filed immediate report
Partner Communications reports that its controlling shareholder, Scailex Corporation, filed today an immediate report regarding the receipt of the Minister of Communications approval to the transaction regarding the sale of a portion of Partner shares owned by Scailex.
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April 9, 2015
05:31 EDTPTNRPartner Communications announces amendment to Brand License Agreement
Partner Communications announces that it has entered with Orange Brand Services Limited into an amendment regarding the Brand Licence Agreement for the use of the Orange brand in Israel. The Amendment is effective as of March 31, 2015. Under the Amendment, the BLA will terminate after a period of ten years commencing on April 1, 2015, unless extended by agreement between the parties, negotiated in good faith. The Amendment also addresses royalties payable by Partner to Orange and provides that the royalty rate which was applicable during the past three years will be maintained during the next four years, subject to certain conditions set in the Amendment. Following March 31, 2019, the Amendment provides for the royalty rate to increase. However, the Amendment does not change Partnerís right to terminate the BLA at any time upon six months advanced notice.

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