Israeli mobile network operator Cellcom has announced that the country’s Antirust Commissioner has given the nod to network sharing and hosting agreements between it and Electra Consumer Products.
As previously reported by CommsUpdate, in January 2017 Cellcom and Electra – which is set to acquire another of Israel’s cellcos Golan Telecom – announced the signing of both a 3G/4G network sharing agreement and a 2G hosting deal. Despite some opposition – notably, local fixed calls provider 018 Xfone had pressed for an injunction against them in February 2017 – it has now been confirmed that they have been given the greenlight by the antirust commissioner, subject to Golan’s share capital being purchased by Electra. Alongside that, a press release issued by Cellcom regarding the matter noted that the share purchase agreement between Golan and Electra has also been approved by the commissioner, subject to a ‘certain condition’, details of which were not disclosed.
Both the network sharing agreement between Cellcom and Electra, and the share purchase agreement between Electra and Golan still require the approval of the Ministry of Communications before they can move forward, however.