Pelephone Acquires Wecom's Operations for Approximately NIS 265 Million
Translated & summarized from Globes by baba
Pelephone has signed an agreement to acquire Wecom's communications operations for approximately NIS 265 million. The deal, finalized after due diligence and negotiations, is expected to significantly strengthen Pelephone's mobile business. Bezeq anticipates short-term savings of NIS 50 million and long-term savings of up to NIS 100 million through operational efficiencies and network cost reductions.
The story in 5 lines · by baba
- Pelephone will acquire Wecom's communications operations for approximately NIS 265 million.
- The acquisition is expected to significantly strengthen Pelephone's mobile operations.
- Bezeq estimates short-term savings of NIS 50 million from the deal.
- Long-term savings are projected to reach up to NIS 100 million.
- The deal follows due diligence and months of negotiations between the parties.
Pelephone announced the signing of an agreement to acquire the communications operations of Wecom. The deal follows the completion of due diligence and negotiations held over recent months. This acquisition is expected to significantly bolster the group's mobile operations. Bezeq estimates that the purchase and anticipated synergies will result in short-term savings of approximately NIS 50 million, primarily in operational expenses. In the long term, savings are projected to reach up to NIS 100 million due to efficiencies in network and spectrum costs.
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