Cellcom renews interest in Golan Telecom merger

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Feb 06, 2020 | News | Jerusalem & Area
Cellcom renews interest in Golan Telecom merger

The announcement by HOT Telecommunication Systems Ltd. that it wants to acquire Partner Communications Ltd. is leading Cellcom Israel Ltd. to reconsider its options. It is now believed that the right thing for Cellcom to do is merge with Golan Telecom. No formal negotiations are taking part between the parties so far, but sources close to the companies said that the matter is on the table. A Hot-Partner merger will make all of the players reassess their merger options.


In view of the developing circumstances, Cellcom led by recently appointed CEO Avi Gabbay, and parent company Discount Investment Corporation believe that Cellcom will have to act quickly on a deal with Golan Telecom in order thwart a possible merger between Hot and Partner, and in order to create the largest communications group in the market.

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