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$17.71 0.0  0.1%

Last Trade - 08/06/18

Sector
Telecoms
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £7.10bn
Position in Universe th / 6858

Altice Europe drops bid interest in Israel's Partner Communications

Tue 31st March, 2020 6:20am
PARIS, March 31 (Reuters) - Telecoms and media company
Altice Europe  ATCA.AS  said on Tuesday that its subsidiary
known as 'HOT' had ended talks over the possible purchase of
Israel's Partner Communications  PTNR.TA .
    "Altice Europe confirms that its fully owned subsidiary HOT
has terminated discussions regarding the potential acquisition
of Partner Communications," Altice said in a statement.
    Altice Europe's HOT unit had initially offered to buy
Partner Communications in January, in what would have been the
first major merger in Israel's telecom sector and a new
acquisition for Altice's Franco-Israeli billionaire Patrick
Drahi.  urn:newsml:reuters.com:*:nL8N29Y2TO
    However, last week Partner Communications, which is Israel's
second-largest mobile phone operator, reported a 63% drop in
fourth quarter profit and warned of a negative impact ahead due
to the coronavirus outbreak.  urn:newsml:reuters.com:*:nL8N2BJ2Z2

 (Reporting by Sudip Kar-Gupta; Editing by Kim Coghill)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))
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