May. 5, 2014, 3:10 PM
- Globes reports American Tower (AMT +1.6%) is talking with Israel's Cellcom (CEL -0.9%) and Pelephone Communications about buying their mobile sites and leasing them back.
- AMT, which posted a Q1 beat on Thursday, has been on an acquisition binge in recent years. The company agreed to buy giant U.S. cell tower owner Global Tower for $4.8B last year, and also paid $811M to buy and lease back Brazilian/Mexican towers from NII Holdings.
- Thanks to its acquisitions, AMT ended Q1 with $14.3B in debt, a sum offset by just $333M in cash/equivalents.
- Globes notes antitrust regulators have objected to Cellcom and Pelephone's plans to jointly build a 4G network, and that the carriers are looking for other ways to cut costs. The paper reported last month Cellcom is getting set to launch a pay-TV service in August.
Jul. 30, 2013, 10:13 AM
- The carrier says its controlling shareholder (IDB Holding) has made it known Cellcom isn't for sale. Globes reported yesterday Golan Telecom is "seriously considering" a bid.
- Cellcom's (CEL -3.4%) Q2 revenue fell to NIS1.22B-1.24B ($342M-$347M) from 1.498B. Service revenue fell to 990M-1.01B from 1.182B.
- In spite of the revenue drops, free cash flow rose to NIS340M-345M from 284M.
- ARPU rose slightly Q/Q to NIS77.5-79.5 from 75.9, but was still down sharply from last year's 90.3, as intense price competition continues taking a toll.
Jul. 29, 2013, 1:26 PM
- 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.
Oct. 15, 2012, 12:18 PMIsraeli carrier Partner Communications (PTNR +4.7%) rallies on news holding firm Scailex is in talks with media magnate Haim Saban about selling its stake in Partner: one report claims Saban will acquire a 35%-40% stake for $400M-$450M through a multi-stage deal. Rival Cellcom (CEL +5.3%) is also higher. (previous) | Comment!
CEL vs. ETF Alternatives
Cellcom Israel Ltd operates and maintains a cellular mobile telephone system and provides cellular and landline telecommunications services in Israel. It also provides internet services and international call services.
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