Two parties have shown interest in purchasing the Israeli mobile operator Golan Telecom. One interest has come from a group led by the former Pelephone CEO Gil Sharon, and another is Hezi Bezalel, the owner of fixed-line telco 018 Xfone, reports an Israel business new Globes English.
According to the report, Sharon and Bezalel initially considered for a joint bid, which later turned to be independent. Golan is said to be keen in closing the sale deal before November. In November, the company is entitled to pay 600 million shekels (€141.9 million) to market leader Cellcom as part of a network-roaming deal.
Cellcom had tried to acquire Golan Telecom for ILS1.17 billion in November 2015. However, it failed to acquire the necessary regulatory approval for the deal. Cellcom has filed a petition against the ministry of communication’s decision not to approve the takeover. Golan Telecom has also filed a similar petition. In its petition, Golan Telecom claims that the rejection of the deal is extremely unreasonable, and it does not come under the purview of the regulator’s authority, due to the involvement of ‘foreign’ considerations based on improper political-media pressure.