Report: Golan Telecom thinking of buying Cellcom

|About: Cellcom Israel, Ltd. (CEL)|By:, SA News Editor

Globes reports Israeli mobile carrier Golan is "seriously considering" a proposal to acquire rival Cellcom (CEL +1.9%) from IDB Holding. Sources tell the paper the offer was likely floated by Lazard.

Any decision by Golan would be made by controlling shareholder Michael Golan and 30% shareholder/French telecom magnate Xavier Niel.

Speculation has been rife debt-laden IDB would consider selling some of its companies due to its financial issues.