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Bezeq launches fiber-optic service
A 1 Gbps connection will cost NIS 119 monthly, which does not include payment to an ISP.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) is launching its fiber-optic project and is due to hold a press conference today at which it will officially announce prices for the service and details of the rollout. The company has notified the Internet service providers (ISPs) in accordance with its obligations under the wholesale market rules, and the details were leaked at the weekend.
Bezeq will offer two packages, at speeds of 600 Mbps and 1 Gbps. The first package will cost subscribers NIS 109 monthly (excluding ISP cost), and the larger package will cost NIS 119 monthly. The ISPs charges will determine the overall cost to the consumer. These will probably be around NIS 20 monthly. Bezeq is obliged to sell Internet split between infrastructure and ISP, until the Ministry of Communications completes the abolition of its divided market policy.
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Generation Capital mulls investing in Partner fiber-optics
Partner seeks an investor to take a 20% stake in its fiber-optic venture, with a view to a spin-off and flotation.
Generation Capital is one of the candidates for investment in Partner Communications Ltd. s (Nasdaq: PTNR; TASE: PTNR)) fiber-optic project. Partner is in the midst of a tender the aim of which is to bring a partner into the project, in order to expedite the rollout of its fiber-optic network. Partner has stated that it seeks a partner to take a 20% stake in the venture.
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The idea is to spin-off the activity and to leverage it through the introduction of a partner, with a view to a future flotation. The tender is therefore of interest to financial institutions, among other bodies. Partner s board of directors has entrusted the management of the tender to Discount Underwriting, which is seeking potential investors.