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Tag: golan
Cellcom takes legal action against Golan Telecom
2016-07-12 02:00:00| Total Telecom industry news
Israel's largest mobile operator hits back at smaller player over breach of M&A and national roaming agreement.
Tags: legal
action
takes
telecom
Cellcom demands 200m-plus from Golan Telecom after Hot deal
2016-06-13 02:00:00| Total Telecom industry news
Hot Mobile confirms network deal with Golan Telecom, Cellcom asks for compensation and threatens legal action.
Tags: hot
deal
telecom
demands
Golan Telecom finds new network partner
2016-06-10 02:00:00| Total Telecom industry news
Israeli mobile operator on verge of announcing network deal with Hot Telecom, according to press report.
Tags: network
partner
finds
telecom
Cellcom to acquire Golan Telecom for ILS 1.17 bln
2015-11-05 08:45:00| Telecompaper Headlines
(Telecompaper) Cellcom announced an agreement with Golan Telecom and its shareholders for the purchase of 100 percent of Golan for ILS 1.17 billion. Golan launched mobile services in Israel in 2012, focusing on low-cost, 'all-in' tariff plans. It counts around 900,000 customers as of November, with a comparatively low churn, Cellcom said. Golan is expected to end 2015 with revenues exceeding ILS 500 million. The purchase price represents an enterprise value of ILS 1 billion for Golan, equal to around 5x adjusted EBITDA for this year. Up to ILS 400 million of the purchase price will be paid as a mandatorily convertible 5-year note issued to the sellers by the company. The note will be repaid with the issue of ordinary Cellcom shares.
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.