Disqus
Hong Kong-based Hutchison which is the owner of Israel-based mobile operator – Partner, confirmed that it has been approached by potential buyers.
In the statement to the stock exchange, the company said that it “has been approached by various interested parties regarding a possible sale of such indirect equity interests and has requested such parties to provide non-binding indication of interest. No agreement has been entered into up to the date of this announcement in respect of any such possible sale. There is no assurance that a sale may result from these approaches.”
The reports of a potential sale originally surfaced last month, saying that Hutchison Telecom — which owns 51% of the mobile network — has given bidders a week to submit their offers.
The mobile network recently reported that its Q1 revenues dropped by nearly 11% to reach NIS 1.4 billion (about $337 million), although the net income was steady at NIS 296 million (about $71 million). The subscriber base gained 5,000 net new customers to reach 2.903 million, including 1.021 million 3G subscribers, and the total market share at the end of the quarter is estimated to be approximately 31.4%.
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
