Live Update 
From the Liveblog of
Tuesday, February 18, 2020
From the Liveblog of
Tuesday, February 18, 2020
Cellcom said set to buy Golan Telecom for NIS 600 million
Add ToI as a Preferred Source on GoogleIsraeli mobile giant Cellcom is set to buy phone company Golan Telecom for some NIS 600 million ($175 million), according to Hebrew media reports.
Cellcom will additionally waive a debt from Golan Telecom of NIS 130 million ($38 million).
The deal with Golan, which has some 900,000 subscribers, will secure Cellcom’s place as Israel’s largest mobile phone company with some 3.4 million total customers.
Some reports said Cellcom would pay NIS 620 million for Golan.
The boards of the companies are reportedly meeting today to approve the deal.
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here