Israeli-American television and media proprietor Haim Saban has reportedly agreed to acquire a controlling stake in Israeli mobile network operator Partner Communications, according to Reuters. It is understood that Saban Capital will pay ILS250 million (USD65 million) to the largest current shareholder in the cellco, Israeli handset distributor Scailex Corp, for a 30.7% holding; the transaction will leave Scailex with a 13.8% stake, while its parent company, Suny Electronics, will retain its 1.4% direct holding in Partner.
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OVETEL Saban Corp grabs controlling stake in Partner Communications
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