Printer Friendly
The Free Library
19,111,409 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

INTERNATIONAL FAMILY ENTERTAINMENT ENTERS INTO AN AGREEMENT TO ACQUIRE A MAJORITY STAKE IN DIGITAL CELLULAR TELEPHONE COMPANY.


VIRGINIA BEACH Virginia Beach, resort city (1990 pop. 393,069), independent and in no county, SE Va., on the Atlantic coast; inc. 1906. In 1963, Princess Anne co. and the former small town of Virginia Beach were merged, giving the present city an area of 302 sq mi (782 sq km). , Va.--(BUSINESS WIRE)--Dec. 19, 1995--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., has signed a stock purchase agreement with Motorola International Development Corporation, a subsidiary of Motorola, Inc., to purchase its 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
"). Launched in August 1994, PMCL has a nationwide license to operate Pakistan's first GSM digital cellular telephone system. In addition to this cellular telephone system, which is operational, PMCL also has a license to operate a nationwide paging system. IFE's partner in the operation of PMCL is a local company with investments in a wide range of industries. The purchase price for Motorola's stake and other terms of the proposed sale, the closing of which is subject to a number of conditions, were not disclosed.

Dr. Robertson commented, "In light of the convergence of broadcast, cable, telephony and computer technologies, this investment represents an exciting financial opportunity for IFE. The telephone infrastructure of Pakistan is underdeveloped, with an average of one telephone for every 71 people. With demand for telecommunications growing in this rapidly developing nation with an estimated 130 million people, the economies of wireless transmission as an alternative to wired services are appealing. I have met personally with the President of Pakistan The President of Pakistan (Urdū: صدر مملکت Sadr-e-Mamlikat) is Head of State of Pakistan. Pakistan has a semi-presidential system of government.  and other high-level government officials, and I am confident that we will have a cooperative working relationship with the government of Pakistan Government of Pakistan (Urdu: حکومتِ پاکستان), The Constitution of Pakistan provides for a Federal Parliamentary System of government, with a President as the Head of State and an indirectly-elected Prime . We believe PMCL has a substantial growth opportunity as the only company offering GSM digital cellular telephone services throughout Pakistan. This move by IFE is another step toward penetrating the Asian marketplace, which we believe will be the next great growth area in the world. The potential financial returns from this investment could make a significant contribution to stockholder value."

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 Traditional values refer to those beliefs, moral codes, and mores that are passed down from generation to generation within a culture, subculture or community. Since the late 1970s in the U.S.  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 Company's live entertainment division includes Calvin Gilmore Productions, which produces live musical variety shows, and the Ice Capades. The Family Channel is one of the nation's largest advertiser-supported basic cable television networks, reaching approximately 97% of all cable households and 66% of all television households.

CONTACT: International Family Entertainment, Virginia Beach

David R. Humphrey, 804/459-6110
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 19, 1995
Words:428
Previous Article:LOGIC Devices Announces New Wafers Supply Relationship.
Next Article:NHL Face Off scores with next-generation realism; realistic hockey game only available for PlayStation game console.
Topics:



Related Articles
David Dorman.
U.S. West plays cable game.
STARTING FROM SCRATCH.
German TV Poised to Dominate Europe.
WALL ST. THINKS BRILLIANT; SHARES SURGE 35% ON OWNERSHIP NEWS.
XIRCOM BOSS LOOKS FOR PROFITABLE 1998; GATES EXPECTS 40 PERCENT REVENUE GAIN.
EMPIRE BUILDER; MURDOCH SET TO BUY INTO PRIMESTAR SATELLITE, CABLE FAMILY CHANNEL.
Mobile minded: working- and middle-class cell phone users fuel big boom for the wireless market. (Tech Talk).

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles