Israel’s largest mobile operator, Cellcom, is preparing for a potential debt offering of NIS300-400m (US$87-116m) after publishing a shelf prospectus.
The debt is expected to be issued in two new series but the execution, timing and terms are still to…
Israel’s largest mobile operator, Cellcom, is preparing for a potential debt offering of NIS300-400m (US$87-116m) after publishing a shelf prospectus.
The debt is expected to be issued in two new series but the execution, timing and terms are still to be determined, the company said.
Cellcom, which has over 3 million customers, did not disclose how it plans to use the proceeds and was not immediately to comment further.
Just weeks ago, it signed a 4G network sharing agreement with rival Golan Telecom. Under the agreement, Golan will use Cellcom’s 4G radio network for at least five years and nine months.
Both companies are also required to provide frequencies for the operation of the network and will need to purchase and operate their own core network.
