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
Employees5,432
Revenue 9.1B ILS (2023)
DESCRIPTION

Bezeq is a telecommunications company. Bezeq’s Fixed Line business provides core telephony services and high-speed Internet infrastructure. Bezeq’s mobile subsidiary, Pelephone, offers cellular voice services and products. Bezeq International provides broadband internet services, international long distance, and owns the leading Israeli web portal Walla!. Bezeq was founded in 1980 and is based in Holon, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Israel) 1 of 1
Year (2020) 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 (2023)
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) 1 of 1
Type (Divestiture) 1 of 1
Country (Israel) 1 of 1
Year (2020) 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
Mergr

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