Announced
Completed
Financials
Tags
Majority
Friendly
Israel
mobile network
Acquisition
Private
Mobile
Later Bidder Won
Completed
Synopsis
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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