Golan Telecom to conduct negotiations for Cellcom Israel

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) has agreed to allow Golan Telecom Ltd. to conduct negotiations with two third parties (which are not active MNOs), for a possible purchase of Golan Telecom´s share capital or operations, subject to certain conditions, the company said.

The company is conducting negotiations with those third parties for a future collaboration. The company has filed a petition against the Ministry of Communication´s decision not to approve the SPA, and Golan Telecom has also filed a similar petition.

Cellcom Israel Ltd. is an Israeli cellular provider, providing its approximately 2.812 million cellular subscribers with value-added services including cellular telephony, roaming services for tourists in Israel and for its subscribers abroad. The company operates an LTE 4 generation network and an HSPA 3.5 Generation network enabling advanced high speed broadband multimedia services.