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Media: Roman Abramovich is interested in the acquisition of «Golan Telecom»

On may 26, the Israeli media reported that Russian billionaire Roman Abramovich has expressed interest in acquiring Israeli mobile phone company Golan Telecom. Website The Marker said at the same time, presently it is not known whether this deal was made, however, the representatives of the businessman have already met with company management and with representatives of the Ministry of communications.

According to the information of the 2nd channel ITV, together with Roman Abramovich is interested in the Israeli company businessman Oded Kobo. Businessmen operate through an investment group, Shelanu». Representatives of the investors met with the CEO of the Ministry of communications Shlomo Pilbara.

In April the Antimonopoly office of Israel has vetoed the agreement on the acquisition by a «Village» of mobile operator Golan Telecom. The decision, which was expected, was motivated by the inadmissibility of the reduction of competition in the mobile market.

In November 2015, it became known that the «Village» has acquired competitor for 1.17 billion shekels. For the entry into force of the Treaty had to be approved by the regulators, among which the competition authority.

Recall that the «Golan Telecom», whose owner is an immigrant from France Michael Golan, went to the Israeli market in 2012. Its activities have led to a significant reduction of prices on services of cellular operators. The company controlled about 10% of the market. However, the company failed to fulfill one of the conditions of the license – to deploy by the beginning of 2016 the network of antennas covering 40% of the territory of Israel. Instead, «Golan Telecom» has used the infrastructure of the «Village» that gave grounds to consider it as a virtual operator.

Media: Roman Abramovich is interested in the acquisition of «Golan Telecom» 27.05.2016

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