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Israel anti-trust agency okays Golan sale, Cellcom network sharing
March 9, 2017 / 1:46 PM / 6 months ago

Israel anti-trust agency okays Golan sale, Cellcom network sharing

JERUSALEM, March 9 (Reuters) -

* Israel’s Anti-Trust Authority said on Thursday it approved Electra Consumer Products’ $91 million purchase of upstart mobile phone operator Golan Telecom.

* As part of the deal, the agency also approved a 10-year network sharing deal between Golan and Cellcom, Israel’s largest mobile operator.

* It said the deals will maintain the competitive landscape in Israel’s mobile phone market, where at least five operators will remain.

* The regulator set as a condition that in the coming three quarters Golan must offer promotions for service at rock bottom prices.

* Israel’s telecoms regulator still needs to give final approval. (Reporting by Steven Scheer)

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