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The Ministry confiscates the collateral «Golan Telecom» 40 million shekels for breach of the license terms

The Ministry of communications announced its intention to confiscate the security Deposit of the operator of cellular communication «Golan Telecom» in connection with infringement of conditions of the obtained licences.

As reported by «Globes», in the first stage, the Ministry plans to confiscate 30-40 million shekels for failure to comply with schedule for deployment of the cellular network of the third generation.

«Golan Telecom», which received the full license of the operator, according to its terms have by January 2016 to expand its network covering 40% of the country.

However, the company not only continued to expand the network after the first deployment phase, but also dismantled the antennas that were already installed, acting, de facto, as a virtual mobile operator on the basis of «Selcom».

Currently at the disposal of the Ministry of communications collateral «Golan Telecom» in the amount of 80 million NIS. In addition, the Ministry is considering the possibility to require the company to return the 270 million NIS Deposit, which were returned to her after the first stage of network deployment.

We will remind that earlier it was announced about the sale of «Golan Telecom» mobile operator «Selcom», but the deal must be approved by regulators, which has already declared that do not intend to say.




The Ministry confiscates the collateral «Golan Telecom» 40 million shekels for breach of the license terms 15.12.2015

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