INTERNATIONAL FAMILY ENTERTAINMENT ENDS DISCUSSIONS TO ACQUIRE MAJORITY STAKE IN DIGITAL CELLULAR TELEPHONE COMPANY IN PAKISTAN.VIRGINIA BEACH, Va.--(BUSINESS WIRE)--March 4, 1996--M.G. "Pat" Robertson, chairman of International Family Entertainment, Inc. ("IFE Ife (ē`fā), city (1991 est. pop. 262,000), SW Nigeria. Located in a farm region, the city is an important center for marketing and shipping cacao. According to tradition, Ife is the oldest Yoruba town (founded c.1300). ") (NYSE NYSE See: New York Stock Exchange : FAM FAM 5-FU, adriamycin/doxorubicin, mitomycin C Oncology A chemotherapeutic regimen used with varying degrees of failure for advanced gastric CA. See Stomach cancer. ), today announced that IFE's subsidiary, Mobilink Partners, Inc., ("Mobilink") has terminated its stock purchase agreement to purchase a majority interest in Pakistan Mobile Communications Ltd. ("PMCL PMCL Penetang Midland Coach Lines PMCL Planning and Management Consultants Ltd PMCL Pakistan Mobile Communications Ltd. PMCL Primary Maximum Contaminant Level PMCL Proposed Maximum Contaminant Level PMCL Physics Micro Computer Lab ") from Motorola International Development Corporation ("MIDC MIDC Maharashtra Industrial Development Corporation (India) "), a subsidiary of Motorola, Inc. Mr. Robertson said, "While we continue to believe an investment in PMCL would offer significant potential, both financially and as another step toward a greater presence in the Asian marketplace, we decided, after a thorough review, to focus IFE's resources more directly on programming-related businesses in the region. IFE continues to have a primary goal of becoming a leading worldwide provider of family entertainment." International Family Entertainment, Inc. owns and operates an array of entertainment assets. Four cable television networks, The Family Channel, The Family Channel (UK), The Family Channel De Las Americas and FIT TV, provide high-quality entertainment and information programming that emphasize traditional values and can be enjoyed by the entire family. MTM MTM Medication Therapy Management MTM Minutes to Midnight (Linkin Park album) MTM Mary Tyler Moore (actress) MTM Made to Measure MTM Motoren-Technik-Mayer MTM Methods Time Measurement Entertainment, Inc. is engaged in the development, production and distribution of television series and other programs throughout the world. The Family Channel is one of the nation's largest advertiser-supported basic cable television networks, reaching approximately 99% of all cable households and 67% of all television households. CONTACT: International Family Entertainment, Inc. David R. Humphrey, 804/459-6110 |
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