On the Record · Cellcom Israel
Cellcom Israel acquisitions, on the record
The businesses Cellcom Israel bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Internet Rimon Israel 2009 Ltd. (indirect subsidiary, Internet Rimon)Word for word“This increase resulted mainly from an increase in revenues from TV and internet services, as well as of fixed-line communications services provided according to the network sharing agreement with Golan, which was partially offset as a result of the deconsolidation of Internet Rimon Israel 2009 Ltd. (our indirect subsidiary), or Internet Rimon, following the sale of the Group's holdings in Internet Rimon in the second quarter of 2017.” 20-F for 2018 | divestiture | second quarter of 2017 | — |
our independent fiber-optic infrastructure in residential areasWord for word“In addition, we and IIF entered a term sheet for the sale of our independent fiber-optic infrastructure in residential areas as shall be at the end of 2019, to IBC, for the sum of NIS180-200 million (subject to the rate of the fiber-optic deployment and the number of actual 'home pass' connected at the end of 2019 and certain adjustments).” 20-F for 2018 | agreed divestiture | at the end of 2019 | NIS180-200 million |
Golan Telecom Ltd.Word for word“refuse to approve our acquisition of Golan Telecom Ltd., or Golan, or set unfavorable conditions for such acquisition (see "Item 4. A. History and development of the Company – our history" below), or approve other mergers or acquisitions in the Israeli communications market, to which the Company is not a party, such as the recently published acquisition proposal of Partner Communications Company Ltd ("Partner") by Hot Telecommunication Systems Ltd ("Hot"), as it may prevent the approval of our acquisition of Golan or other acquisitions or mergers to which the Company may become a party, or result in the weakening of the Company's competitive standing, including loss of its leading position in the cellular market and related benefits of scale; ” 20-F for 2019 | agreed acquisition | — | — |
independent fiber-optic infrastructure in residential areasWord for word“The sale of Residential fiber-optic Further in July 2019, we and IBC entered an agreement and completed the transaction for the sale of our independent fiber-optic infrastructure in residential areas to IBC, for the sum of approximately NIS180 million (with additional consideration to be paid for services provided by the Company to IBC).” 20-F for 2019 | divestiture | July 2019 | approximately NIS180 million |
fiber-optic infrastructure in residential areas (sold to IBC)Word for word“The sale of Residential fiber-optic Further in July 2019, we and IBC entered an agreement and completed the transaction for the sale of our independent fiber-optic infrastructure in residential areas to IBC, for the sum of approximately NIS 181 million.” 20-F for 2020 | divestiture | July 2019 | approximately NIS 181 million |
Read from Cellcom Israel’s annual reports (20-F for 2020, 20-F for 2019, 20-F for 2018) and the financial data it files with the SEC, as of 2021-04-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.