Full coverage· Economy· Updated
Pelephone Acquires Wecom for $70 Million in Israeli Mobile Market Deal
Pelephone, part of the Bezeq Group, has agreed to acquire the mobile operator Wecom for approximately 265 million shekels. The deal, announced on November 9, awaits approval from Israeli regulators. Wecom, which has around 300,000 customers and a 3% market share, operates on Cellcom's network.
2 newsrooms · 2 languages · since
Plus
What happened
- 01Pelephone agreed to buy mobile operator Wecom for approximately 265 million shekels.
- 02The deal is subject to approval from the Ministry of Communications and Competition Authority.
- 03Wecom has about 300,000 customers and a 3% share of the Israeli mobile market.
- 04Wecom operates on Cellcom's network, which may complicate regulatory approval.
- 05Bezeq expects the acquisition to bring substantial financial benefits.
Bezeq expects the acquisition to generate significant financial benefits.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- Centre1
- RightNone
- HarediNone
- ArabNone
- Other1
How it broke
See which of the 2 newsrooms broke it, and who waited
