Cellcom Israel has announced its intention to review the possible purchase of holdings in, or assets of, Golan Telecom, following an invitation by Bank Rothschild on behalf of Golan Telecom’s shareholders. Cellcom said there is no assurance that it will go ahead with an offer to purchase Golan.
According to Globes, Golan said it was considering whether to put itself up for sale, or acquire a competitor. Golan said it could either expand by buying out a rival, or exit the market. Golan has amassed 850,000 mobile subscribers since its launch in 2012. The announcement comes before its planned entry on the TV market. Golan Telecom is owned by Michael Golan, Xavier Niel and the Parienti family.