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Pelephone Acquires Wecom for NIS 265 Million
Pelephone has agreed to acquire the mobile carrier Wecom for approximately NIS 265 million, a deal pending regulatory approval. This acquisition will increase Pelephone's customer base to around 3 million, boosting its market share to 26%.
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What happened
- 01Pelephone will acquire Wecom for approximately NIS 265 million, pending regulatory approval.
- 02The deal will increase Pelephone's customer base to about 3 million, raising its market share to 26%.
- 03Wecom was previously sold in 2022 for about NIS 100 million.
- 04Pelephone's parent company, Bezeq, expects significant synergy benefits from the acquisition.
- 05CEO Ilan Sigal emphasized continued investment in national telecommunications infrastructure.
The move is part of Pelephone's growth strategy and is expected to generate significant synergies for its parent company, Bezeq. CEO Ilan Sigal highlighted the importance of continued investment in national telecommunications infrastructure.
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