Latest Comments

  • PREMCHANDRA J LOKHAN... More
    i support ericsson as rcom can dupe anyone , they had... Sunday, 14 October 2018
  • Bud Biswas More
    Our company, Polaris Networks, has helped other smaller... Friday, 12 October 2018
  • Developing Telecoms More
    That is correct - it is the coastline of Equatorial Guinea,... Friday, 12 October 2018
  • Xavier Muñoz More
    This photo is not from São Tomé e Príncipe Thursday, 04 October 2018
  • adewalebeke@yahoo.co... More
    Hello,
    My name is Adewale. I am a Healthcare Manager in... Friday, 21 September 2018

Cellcom pushes ahead with Golan liquidation request

Cellcom has confirmed that it will file a request for the liquidation of Golan Telecom, a few days after it initially revealed it was considering such a move.

In a statement, the Israeli market leader said: “The company filed today a request to appoint an interim liquidator to Golan Telecom and will file a liquidation request against Golan tomorrow (due to procedural reasons), following Golan’s failure to pay the company all due amounts.”

The liquidation request comes shortly after Cellcom demanded ILS600 million ($155 million) from Golan for national roaming services, and is made in addition to the ongoing legal action previously commenced by Cellcom.

The operator noted: “As previously reported, a substantial reduction of the future revenues from Golan will have a material adverse effect on the company’s revenues and results of operations.”

It was confirmed in a previous statement the Cellcom is discussing a network sharing arrangement with a currently unnamed third party that is believed to be interested in acquiring Golan. If these talks reach an agreement, it would allow for the resolution of Cellcom and Golan’s dispute.

Comments powered by CComment