Bezeq's Pelephone Signs Non-Binding Memorandum to Acquire Wikum Mobile for NIS 265 Million

Bezeq Group announced that its subsidiary Pelephone has signed a non-binding memorandum of understanding to acquire all shares of Wikum Mobile for approximately NIS 265 million, based on enterprise value and subject to adjustments in the final agreement if signed. The deal aligns with Bezeq's growth strategy through investments in its operations. The company estimates that the transaction and related synergies will generate short-term savings of about NIS 50 million, mainly in operating costs, and medium- to long-term savings of around NIS 100 million, including efficiencies in network and frequency costs.

The parties agreed on an exclusivity period of 60 days, extendable by an additional 30 days, during which they will work to finalize a binding purchase agreement. Completion of the deal is contingent on due diligence, the participation of all Wikum shareholders, board approvals, and obtaining regulatory approvals from the Competition Authority and Ministry of Communications. Bezeq emphasized that at this stage, the memorandum is non-binding and there is no certainty that a binding agreement will be signed or that the deal will be completed.