0
Broadband

Cellcom completes investment in IBC

Wednesday 31 July 2019 | 14:49 CET | News

FREE webinar by Telecompaper on the Trends and Developments in the Dutch Telecoms market 2019Q2. Thursday 26th September at 15:00. Register now!

Israeli operator Cellcom said it has completed its investment in Israel Broadband Corporation (IBC) and the sale of its fibre-optic infrastructure in residential areas to IBC. Cellcom paid ILS 55 million for its indirect stake in IBC, the majority of which shall be indirectly provided as a shareholder loan to IBC.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Cellcom / Cellcom Israel
Countries: Israel
::: add a comment
This article is part of dossier

IBC


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cellcom Israel announces resignation of VP for marketing

Published 09 Sep 2019 09:58 CET | Israel
Cellcom Israel's vice president for marketing Yoni Sabag has announced his resignation after eight years in office. Sabag did not ...

Cellcom Israel revenues falls 0.8% in Q2

Published 15 Aug 2019 10:53 CET | Israel
Cellcom Israel's total revenues decreased by 0.8 percent to ILS 920 million in the second quarter ending 30 June from ILS 927 ...

Cellcom Israel cuts infrastructure investment by 25%

Published 17 Jul 2019 14:22 CET | Israel
He predicted that the investment in the IBC fibre-optic venture would save the company ILS 100 million in its investment budget, ...

Cellcom Israel receives approval for indirect investment in IBC

Published 10 Jul 2019 16:03 CET | Israel
Cellcom Israel said it has received all the required regulatory approval from the Israeli authorities for its indirect ...

Cellcom starts selling services on IBC fibre infrastructure

Published 17 Jun 2019 14:54 CET | Israel
Israeli operator Cellcom has begun selling internet and TV packages on the infrastructure of Israel Broadband Corporation (IBC) ...

Cellcom, IIF agree to buy 70% of IBC for ILS 103.5 mln, to invest up to ILS 200 mln more over 3 years

Published 13 Mar 2019 11:29 CET | Israel
Cellcom Israel said it has signed an agreement with Israel Infrastructure Fund (IIF) to purchase 70 percent of Israel Broadband ...