Israel's Electra buys Golan for $91M

• Electra Consumer Products has agreed to buy Golan Telecom for 350M shekels ($91M).
• It also signed a network sharing agreement with Cellcom (NYSE:CEL), which will lend it 130M shekels to help finance the purchase.
• The deal puts Golan on a stable footing after Cellcom in November filed a request for the liquidation of Golan, alleging it owed 600M shekels for using its network.
• Cellcom tried to buy Golan in 2015 for about $300M but was blocked by regulators.
• CEL +13.5% premarket