Cellcom to acquire Golan Telecom for ILS 1.17 bln

(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 ar