Partner Communications Company Ltd (NASDAQ:PTNR) has announced that it will begin negotiations to examine the possibility of acquiring the assets of Tapuz Anashim Ltd. Tapuz Anashim is an Israeli company controlled by Partner Communication’s controlling shareholder. It is unclear whether the negotiations will lead to an agreement. In the case of an acquisition, the agreement would be subject to the approval of Partner Communications’ organs. For more information, visit www.orange.co.il/investor_site.
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Partner Communications Company Ltd. (Partner) is a mobile telephone network operator in Israel. The Company’s products and services are marketed under the orange brand. During the year ended December 31, 2009, its global system for mobile communications/universal mobile telecommunications system (GSM/UMTS) network covered over 98% of the Israeli population. Its GSM services include standard and enhanced GSM services, as well as value-added services and products, such as roaming, voice mail, voice messaging, color picture messaging, ringtone and game downloads, information services, and general packet radio services (GPRS), which enables the packet transfer of data. Its third generation (3G) network offers a range of services, such as video calls, a new portal of content services, including a rich selection of video-based services under the orange time sub-brand, and the transmission of data.
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