The Bezeq group has introduced that its Pelephone cell telephony unit has signed a non-binding memorandum of understanding to purchase all of the shares in Wecom Cellular for NIS 265 million, topic to adjustment within the last settlement, if one is signed.
Bezeq says that the deal is according to the group’s development technique by means of investments in its area. It estimates that execution of the deal and the synergies it should convey will save NIS 50 million within the quick time period, primarily in operational prices, and NIS 100 million in the long run, because of better effectivity within the community and frequencies.
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The MOU supplies for a 60-day no-shop interval, with the potential of a 30-day extension, throughout which the perimeters will attempt to formulate a binding settlement. Completion of the deal is topic to due diligence examinations, to the consent of all Wecom’s shareholders to the deal, to approval by the boards of administrators, and to acquiring the requisite regulatory approvals, amongst them from the Competitors Authority and the Ministry of Communications.
Bezeq harassed that at this stage it was a matter of an MOU solely, and that there was no certainty that the events would signal a binding settlement or that the deal could be accomplished.
It could be recalled that Pelephone bid to accumulate Scorching Cellular, however misplaced out to Delek Israel, the Keystone fund, and Leumi companions.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 14, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
