Israel: Partner Communications confirms bid for Motorola-owned MIRS
By Dusan Belic on Sunday, September 27th, 2009 at 11:28 PM PST In General
Israeli Partner Communications has confirmed that it has submitted a formal bid to buy rival operator, MIRS from Motorola (NYSE: MOT). Partner is not the only carrier that expressed interest in MIRS — all three of Isreal’s incumbent operators want it.
MIRS Communications operates an iDEN network, and has been previously valued at around $300 million. It had an estimated 441,000 subscribers at the end of last year, representing a market share of just under 5%.
For the record, Hutchison Telecom has recently sold its controlling stake in Partner Communications to local handset distributor – Scailex Corp.
Now why would someone want an iDEN network is beyond me. The only reason may be that other players don’t get it. Any thoughts?
[Via: CellularNews]
