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Golan Telecom agrees to takeover by Cellcom for ILS 590 mln

2020-02-19 08:57:00| Telecompaper Headlines

(Telecompaper) Cellcom Israel said it has entered a binding memorandum of understanding for the purchase of Golan Telecom's entire share capital for ILS 590 million. The agreed deal, subject still to due diligence, sees Golan Telecom rejecting a competing offer from rival Pelephone. 

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