Cellcom mulling MIRS bid?

4 Aug 2009

Israel’s largest wireless provider by subscribers, Cellcom is reportedly considering a bid for a 100% stake in iDEN operator MIRS Communications, according to Globes Online. Cellcom is the latest in a long line of companies linked with a potential purchase of MIRS, which is currently a wholly-owned subsidiary of Motorola Israel. Shamrock Holdings, the investment arm of the Walt Disney company, ruled out a bid for MIRS last week, while cableco HOT-Telecommunication Systems has also been linked with the possible sale. The reports come despite a deadline for non-binding bids passing at the end of last month.

Israel, Cellcom, HOT Mobile