The cellular telephone market, which has seen fierce competition and low prices in recent years, is now facing the prospect that Golan Telecom might seek to merge with a competitor.
Government officials who considered the prospect on Monday concluded that the government should oppose such a merger because it is liable to curb competition.
The meeting of officials from the finance and communications ministries came after Golan retained investment banks to explore a sale of the company to a competitor. “A Golan merger is not good for the market.
Communications Ministry director general Shlomo Filber, who attended the meeting, decided to inform Golan that the government would object to a merger.
Golan, which was founded by French-Israeli entrepreneur Michael Golan, played a key role in driving down cellular service rates in Israel when it entered the local market in 2012. Before the market was liberalized, it was dominated by Cellcom Israel, Partner Communications and Bezeq’s Pelephone brand.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Former Novartis Executive Sentenced to Probation for Role in Generic Drug Price-Fixing Scheme
May 16, 2024 by
CPI
NCAA Faces Bankruptcy Threat from Antitrust Lawsuits
May 16, 2024 by
CPI
K&L Gates Expands Antitrust Practice with New Partners
May 15, 2024 by
CPI
Polish Regulators Probe PS Store and Steam for Antitrust Violations
May 15, 2024 by
CPI
French Regulator Drops Meat-Cutting Sector Case Following Antitrust Review
May 15, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI