Cellcom Israel Ltd., the nation’s largest cellular provider, indicated that it is mulling the acquisition of competitor Golan Telecom Ltd., which spearheaded a price war in the sector.
The company said in a PRNewswire statement it has been approached by Golan’s advisers to “review the possible purchase of holdings in, or assets of Golan Telecom.” Golan, partly owned by French billionaire Xavier Niel of the French low-cost phone carrier Iliad SA, said on Aug. 26 that it has hired an investment bank to explore a sale. Cellcom and Golan are also awaiting regulators’ approval for a network sharing deal.
Israel’s ...
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