Oct. 1, 2009 (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/
