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Israel: One of Golan’s potential buyers drops out

By  |  September 22, 2016

One of two groups interested in purchasing Golan Telecom has withdrawn its intention,  Israel’s largest mobile phone operator said on Thursday.

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    On Wednesday, Cellcom said it was in talks with two groups over a network sharing agreement worth more than $586 million over 10 years as part of a plan by the groups to buy Golan, a relative newcomer in the Israeli mobile phone sector.

    Cellcom said the network sharing and hosting agreement, which is estimated to be worth $58-66 million a year, is expected to be signed with the group that finally purchases Golan.

    Full Content: Fortune

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