Golan Telecom applies for guarantee refund having achieved subscriber target

8 Jan 2014

Golan Telecom is said to have asked the Israeli Ministry of Communications (MoC) to refund its ILS360 million (USD102 million) guarantee, Globes Online reports, with the mobile operator claiming to have met the terms of its concession that had been set by the regulator before it could be refunded. The development comes on the back of Golan’s recent announcement that it has now signed up 390,000 subscribers, the number required for it to make the request for the guarantee refund; as per the license tender Golan had to achieve 7% weighted market share to be eligible for the refund.

A review of the matter by the MoC is now expected, and the refund could be processed within the next few weeks, the report claims. Meanwhile, unnamed sources have suggested that, once it has its guarantee reimbursed, Golan could slow the pace of its aggressive marketing campaigns.

Israel, Ministry of Communications, Golan Telecom,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share