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Cellcom Israel (CEL) Updates on Golan Telecom Deal; Will Allow Negotiations with Third Parties

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Cellcom Israel Announces Developments Re Purchase Of Golan Telecom

September 12, 2016 7:11 AM EDT

NETANYA, Israel, September 12, 2016 /PRNewswire/ --

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced it is publishing this press release since the Company's controlling shareholder will report this information under its Israeli reporting obligations: Following previous reports regarding its agreement for the purchase of Golan Telecom Ltd., or Golan Telecom's, share capital, or SPA, which has not received regulatory approvals: (1) the Company has agreed to allow Golan Telecom (as an exception to its "no shop" obligation) to conduct negotiations with two third... More