Hutchison selling out of Israel…again
A pair of well-known Israeli telecoms executives have made a US$300 million bid for control of Partner Communications, a move that should facilitate CK Hutchison’s exit from the market.
A pair of well-known Israeli telecoms executives have made a US$300 million bid for control of Partner Communications, a move that should facilitate CK Hutchison’s exit from the market.
Israel’s Partner Communications has made an offer to acquire smaller rival Xfone, but is one of a number of telcos interested in taking over the firm.
In the Middle East, UAE operator Du has announced plans to provide Wifi access across the Dubai Metro, the majority shareholder in Orange Israel is looking to sell its stake in the firm and a Bahraini operator is left reeling after the Indian Supreme Court cancels its licence to provide 2G services in the country.
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