Costs and challenges of NY listing too much for Cellcom.
Instead of the original agreed upon amount of NIS 4,986, the customer was charged NIS 7,884 by the cellular company.
Cellcom (CEL.N) in February offered to pay 590 million shekels ($171 million) for its smaller rival, which is held by Electra Consumer Products (ECP.TA).
The agreement is expected to receive approval from the directors of Electra Consumer Products, the parent company of Golan Telecom, later in the day.
Gabbay, who served as CEO of Bezeq from 2007 to 2013 prior to entering politics, will succeed outgoing Cellcom CEO Nir Sztern
Decision made for service expansion to West Bank after intervention by Minister of Communications Dudi Amsalem
Israel’s largest mobile phone operator said the steps would strengthen the company as it faces continued competition and low prices in the Israeli telecommunications market.