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New Deal


Announced

Completed

Cellcom completed the acquisition of Golan Telecom for $171m.

Financials

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Transaction Value£135m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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Cellcom Israel, a communications group, completed the acquisition of Golan Telecom, an Israeli mobile telecommunications provider, for $171m. Pelephone is Israel’s third-largest mobile phone operator. Its bid is the latest in a likely trend of consolidation in the mobile phone sector, as revenue has plunged and companies are barely profitable in the wake of intense competition.

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