Consolidation And Competition Prompt Cellcom's NetVision Offer

Israeli fixed-line and broadband operator 013 NetVision agreed to enter into discussions with mobile network operator Cellcom regarding a proposed NIS1.5bn (US$421mn) takeover offer. While there is no guarantee that a deal will be completed, CFW regards the common ownership of the two companies and ongoing consolidation in the Israeli telecoms market as clear signs that a merger would inevitably take place.

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