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New Deal


Announced

Altice Europe terminated its acquisition of Partner Communications.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Failed

Telecom Carriers

Single Bidder

Mobile

Israel

Acquisition

Majority

Friendly

Public

Cross Border

Synopsis

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Altice Europe, a convergent company in telecoms, content, media, entertainment and advertising, offered to acquire Partner Communications, a global systems mobile communications operator. The deal was terminated in March 2020 after 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.

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