Developing Telecoms
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2309
Israel’s Cellcom has filed a lawsuit in the Tel Aviv District Court accusing its rival Xfone of illegally terminating their network sharing agreement.
According to CommsUpdate, Xfone failed to pay its dues under the terms of the agreement for both November and December 2020, before sending Cellcom an annulment notice for the deal in January 2021. The network sharing agreement was originally cleared by Israel’s Ministry of Communications in March 2017.
Developing Telecoms
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Keep up-to-date with the latest telecoms news in emerging markets globally. Subscribe to Developing Telecoms FREE weekly newsletter.
Afghanistan
Bosnia and Herzegowina
Cook Islands
Samoa
South Sudan, Republic of
Sweden
Uruguay
Business/Industry/Finance User
Your personal data will not be shared with third parties. Click here to view our privacy policy.
2859
Israel’s Competition Commissioner has cleared a joint investment by Cellcom, Hot Telecommunication Systems and the Israel Infrastructure Fund (IIF) into Israel Broadband Company (IBC).
As reported by CommsUpdate, in September 2020 Cellcom and HOT confirmed that they had entered an investment transaction consisting of “several agreements”, including deals made through the IBC Partnership. Through this partnership, Cellcom and IIF jointly hold 70% of IBC’s share capital.