Cellcom could request liquidation of Golan as negotiations continue

Israeli market leader Cellcom is considering adding a liquidation request to its existing legal challenge against Golan Telecom.

 With its legal challenge against Golan underway, Cellcom is now debating whether to add further measures to the proceedings. It has already demanded a payment of ILS600 million ($155 million) from Golan for national roaming services.

In a statement, Cellcom said that it “cannot estimate the timing of such legal proceedings, what the decision in such proceedings will be, or their impact on the Company’s ability to collect amounts owed by Golan or to generate future revenues from Golan.”

However, Cellcom’s dispute with Golan could be resolved in another way; the same statement revealed that Cellcom is currently “in advanced negotiations” over a potential network sharing deal with an as-yet-unnamed party that is believed to be interested in acquiring Golan.

Cellcom noted that it could not comment on the timeframe or potential outcomes of its continuing negotiations, noting that they may not result in agreements, nor would any future agreements be guaranteed regulatory approval.

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