PARTNER COMMUN CO LTD
SymbolPTNR

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Partner Communications Announces Its Offer for the Acquisition of MIRS Will Not Be Proceeding

2009-10-01 06:33 ET - News Release


Company Website: http://www.investors.partner.co.il
ROSH HA'AYIN, Israel -- (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%.

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