Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) is tired of playing around with Golan Telecom Ltd. and has filed for the company’s liquidation. While it is still difficult to estimate the final outcome, this issue will certainly occupy the Israeli communications industry in weeks to come.
Cellcom has decided to file for liquidation following Golan’s NIS 600 million debt, which it had hoped to collect from the company’s buyer. Cellcom has probably despaired of ever finding a buyer and decided to pursue liquidation.
“Globes” found out that Patrick Pariente arrived in Israel last week to take over the reins of the Golan Telecom sale negotiations, but some of the parties involved in the talks said that nothing has really changed; Michael G…
Read the full article at: http://www.globes.co.il/en/article-cellcom-files-for-golan-telecom-liquidation-1001163716