Saban Capital Partners with Israeli Communications Co.
January 31, 2013
Los Angeles-based Saban Capital Group has acquired a controlling interest in Partner Communications, a publicly traded telecommunications company in Israel, from Scailex. Serving approximately three million subscribers, Partner provides cellular, Internet and fixed telephony services under its 012 Smile brand, a wholly owned subsidiary. Saban has experience in the Israeli market, including past investments in telecommunications operator Bezeq and media brand and TV station Keshet Broadcasting. Founded in 2001, Saban specializes in the media, entertainment and communication industries.