Thursday, 23 November 2017

Consolidation in Israel as Cellcom buys Golan Telecom

By Mary Lennighan, Total Telecom
Thursday 05 November 15

Israel's biggest mobile operator agrees to acquire low-cost player, but regulatory approvals could be difficult to obtain.

Cellcom on Thursday announced that it has agreed to acquire smaller rival Golan Telecom, enabling it to consolidate its position as Israel's largest mobile operator, provided the deal wins regulatory approval. The operator will pay 1.17 billion shekels (€277 million) for 100% of Golan Telecom…

Cellcom on Thursday announced that it has agreed to acquire smaller rival Golan Telecom, enabling it to consolidate its position as Israel's largest mobile operator, provided the deal wins regulatory approval. The operator will pay 1.17 billion shekels (€277 million) for 100% of Golan Telecom…

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