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Cellcom Israel announces $300M deal to buy Golan Telecom

2015-11-05 08:25:26| Telecom - Topix.net

Amid mixed signals from Israel's government over the benefits of telecom consolidation, Cellcom Israel has announced an agreement to buy Golan Telecom for 1.17B shekels . That deal means an enterprise value of about 1B shekels for Golan and an EV/EBITDA multiple of about 5, Cellcom says.

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