Israeli regulators advise Cellcom of their opposition to Golan Telecom deal

13 Apr 2016

Israel’s Ministry of Communications (MoC) and the Israeli Antitrust commissioner have notified mobile market leader Cellcom that they are opposing its proposed acquisition of smaller rival Golan Telecom. In a press release confirming the development, Cellcom noted that the arguments supporting the regulatory decisions have yet to be provided to it, with the operator saying that it will ‘consider its options after receiving and reviewing [them]’.

As previously reported by CommsUpdate, in November 2015 Cellcom announced that it had entered into an agreement with the shareholders of Golan Telecom for the purchase of a 100% stake in the company; as per the deal, Cellcom said it would pay ILS1.17 billion (USD311 million) for the smaller company.

Israel, Cellcom, Golan Telecom, Ministry of Communications