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UPDATE 1-Israel's Cellcom to buy rival Golan for about $300 mln

November 05, 2015

TEL AVIV, Nov 5- Cellcom agreed on Thursday to buy rival Golan Telecom for 1.17 billion shekels, as Israel's largest mobile phone provider seeks to add a low-cost brand to its portfolio. Golan, owned by French businessmen Michael Golan and Xavier Niel, is one of the four other mobile network operators in Israel besides Cellcom. Israel's mobile phone market has been...

Source: http://www.cnbc.com/2015/11/05/reuters-america-update-1-israels-cellcom-to-buy-rival-golan-for-about-300-mln.html
 
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