Partner Communications Announces Its Offer for the Acquisition of MIRS Will Not Be Proceeding
October 01 2009 - 6:33AM
Business Wire
Partner Communications Company Ltd. ("Partner" or the
"Company") (Nasdaq:PTNR) (TASE:PTNR), a leading Israeli mobile
communications operator, announces that its offer for the
acquisition of 100% of the issued and outstanding share capital of
MIRS Communications Ltd. ("MIRS") and/or MIRS operations from
Motorola Israel Ltd. will not be proceeding and discussions have
been terminated.
This announcement comes in continuation of the Company's
previous statement on September 21, 2009 that it had submitted an
offer, subject to conditions, for the acquisition of MIRS. MIRS is
a cellular company which operates in Israel using the iDEN
technology and whose market share is estimated at 4% to 5%.
About Partner
Communications
Partner Communications Company Ltd. ("Partner") is a leading
Israeli provider of telecommunications operator (cellular,
fixed-line telephony and Internet Services Provider) under the
orange™ brand. The Company provides mobile communications services
to 2.944 million subscribers in Israel (as of June 30, 2009).
Partner’s ADSs are quoted on the NASDAQ Global Select Market™ and
its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and
TASE: PTNR).
Partner is a subsidiary of Hutchison Telecommunications
International Limited ("Hutchison Telecom"), a leading global
provider of telecommunications services. Hutchison Telecom
currently offers mobile and fixed line telecommunications services
in Israel, and operates mobile telecommunications services in
Thailand, Sri Lanka, Vietnam and Indonesia. It was the first
provider of 3G mobile services in Israel and operates brands
including “Hutch”, “3” and “orange”. Hutchison Telecom, a
subsidiary of Hutchison Whampoa Limited, is a listed company with
American Depositary Shares quoted on the New York Stock Exchange
under the ticker "HTX" and shares listed on the Stock Exchange of
Hong Kong under the stock code "2332". For more information about
Hutchison Telecom, see www.htil.com.
For more information about Partner, see
http://www.orange.co.il/investor_site/
Partner Communications (NASDAQ:PTNR)
Historical Stock Chart
From May 2024 to Jun 2024
Partner Communications (NASDAQ:PTNR)
Historical Stock Chart
From Jun 2023 to Jun 2024