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PTNR - Partner Communications jumps 11% as it measures bids for fiber rights
Partner Communications Company Ltd.
Partner Communications (PTNR) is up 10.9% and hitting its highest point in over a month on relatively heavy Nasdaq trading volume in the stock. The company says it's received several bids from various investors to acquire 20% of the rights to use Partner's existing and future fiber networks for services to private households. Consideration for that deal is set to top 550M shekels (about $168.6M). The company says it's weighing the bids received.