M&A Deal Summary

Bezeq Acquires Golan Telecom

On February 16, 2020, Bezeq acquired communications company Golan Telecom from Cellcom Israel for 710M ILS

Acquisition Highlights
  • This is Bezeq’s 1st transaction in the Communications sector.
  • This is Bezeq’s largest (disclosed) transaction.
  • This is Bezeq’s 1st transaction in Israel.

M&A Deal Summary

Date 2020-02-16
Target Golan Telecom
Sector Communications
Buyer(s) Bezeq
Sellers(s) Cellcom Israel
Deal Type Divestiture
Deal Value 710M ILS

Target

Golan Telecom

Tel Aviv, Israel
Golan Telecom Ltd. is a provider of communication services. Golan Telecom was founded in 1999 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Bezeq

Holon, Israel

Category Company
Founded 1980
Sector Communications
Employees5,425
Revenue 8.9B ILS (2024)
DESCRIPTION

Bezeq is a telecommunications company that provides fixed?line, broadband internet, and data communication services to residential and business customers. Bezeq was founded in 1980 and is based in Holon, Israel.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Cellcom Israel

Netanya, Israel

Category Company
Founded 1994
Sector Communications
Employees2,758
Revenue 4.4B ILS (2024)
DESCRIPTION

Cellcom Israel is a cellular operator. Cellcom Israel was founded in 1994 and is based in Netanya, Israel.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 Golan Telecom

Tel Aviv, Israel

Golan Telecom Ltd. is a provider of communication services. Golan Telecom was founded in 1999 and is based in Tel Aviv, Israel.

Buy ₪1.2B