Partner, Bezeq, Smile and HOT all reach second stage of MIRS tender

1 Sep 2009

Despite opposition from both Israel’s Ministry of Communications (MoC) and Antitrust Authority, mobile network operator Partner Communications has reportedly reached the second stage of the tender process in the sale of MIRS Communications, Globes Online reports. Joining Partner in the second stage of the process will be Bezeq, 012 Smile.Communications and HOT Telecommunication Systems; Merrill Lynch is managing the sale for MIRS’s current owner, Motorola Israel. At the second stage the MIRS information room will be opened to those parties successful in reaching the second stage, and in the following weeks bidders will make valuations and carry out due diligence, before submitting their final bids.

The MoC and Antitrust Agency have both raised concerns over the possibility of an existing wireless player in the market acquiring MIRS, claiming that such a move could further limit competition in the sector.

Israel, Bezeq (Israel Telecommunication Corporation), HOT Mobile, HOT Telecommunication Systems, Internet Gold (012 Smile Communications), Partner Communications Company