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Broadband

Cellcom inks MOU for investment in IBC

Wednesday 8 August 2018 | 11:57 CET | News
Update: 9 August 2018 | 10:47 CET
Israeli operator Cellcom has entered into an agreement for investment in Israel Broadband Company (IBC), an operator rolling out fibre services over IEC's infrastructure. For a total amount of approximately ILS 100 million, Cellcom by itself or with a group of investors may acquire 70 percent of IBC, while the other 30 percent remains with IEC. 

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[09/08/2018 10:47- Update: Adds Globes remarks on change of supplier, equipment, business model]


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Categories: Fixed
Companies: Cellcom Israel / Cisco / IEC
Countries: Israel
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