Pelephone Acquires Wecom for NIS 265 Million
Translated & summarized from TheMarker by baba
Pelephone is acquiring the cellular company Wecom for NIS 265 million, pending regulatory approval. The deal requires Pelephone to resolve network access with Cellcom, as Wecom currently uses Cellcom's antennas. Wecom has seen declining financial performance, and the combined subscriber base will be 3 million.
The story in 5 lines · by baba
- Pelephone acquires Wecom for NIS 265 million, pending regulatory approval.
- The deal requires Pelephone to reach an agreement with Cellcom over antenna network usage.
- Wecom's financial performance has shifted from profit to a significant loss.
- The combined Pelephone-Wecom entity will have 3 million subscribers.
- Cellcom currently has 3.7 million subscribers.
Pelephone has finalized an agreement to acquire the cellular company Wecom for NIS 265 million. The deal was signed on Monday, contrary to earlier reports of a crisis. The acquisition is now contingent on approval from the Israel Competition Authority and the Ministry of Communications.
Additionally, Pelephone must reach an understanding with Cellcom regarding the use of Cellcom's antenna network, which Wecom currently utilizes. Wecom has experienced a negative financial trend, moving from a net profit of NIS 21 million in 2024 to a loss of nearly NIS 4 million in 2025. If the deal is completed, the combined entity of Pelephone and Wecom will have 3 million subscribers, compared to Cellcom's 3.7 million subscribers.
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