Cellcom mulls Mirs bid

Mirs is the smallest cellular company in Israel's market.

IDB Holding Corp. Ltd. (TASE:IDBH) mobile telecommunications unit Cellcom Israel Ltd. (NYSE:CEL) said today that it is considering a bid to buy 100% of Mirs, the smallest cellular company in Israel.

The market share held by Mirs in the Israeli market is 4-5%.

Any deal will be contingent on regulatory approval.

Published by Globes [online], Israel business news - www.globes-online.com - on August 3, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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