March 9, 2017 / 1:46 PM / 9 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below