JERUSALEM, Sept 21 Israel's largest mobile phone
operator, Cellcom, said on Wednesday it was negotiating
between two groups over a network sharing agreement that will
bring in more than 2.2 billion shekels ($582 million) over 10
The two parties, Marathon 018 Xfone and a second, unnamed
group of investors, are each trying to buy a relative newcomer
in the Israeli mobile phone market, Golan Telecom.
Cellcom said the network sharing and hosting
agreement, which is estimated to be worth 220-250 million
shekels a year, is expected to be signed with the group that
finally purchases Golan.
Cellcom's own bid to take over Golan was blocked by Israel's
telecoms regulator, who argued that such a deal ran contrary to
its efforts to introduce more competition to the market.
($1 = 3.7794 shekels)
(Reporting by Ari Rabinovitch)