CEL

Israeli regulator awards licences for 5G networks

Israel's Communications Ministry said on Thursday it has concluded a tender to award frequencies to operate fifth generation (5G) mobile networks.

TEL AVIV, Aug 13 (Reuters) - Israel's Communications Ministry said on Thursday it has concluded a tender to award frequencies to operate fifth generation (5G) mobile networks.

Cellcom CEL.TA, Israel's largest mobile phone operator which is in the process of acquiring rival Golan Telecom, said it will pay 115 million shekels ($34 million) in license fees.

Partner Communications PTNR.TA, the second-largest mobile operator, said it will pay, together with HOT Mobile, 62.3 million shekels for its frequencies. Partner operates a joint radio network with HOT, a subsidiary of telecoms and cable group Altice Europe ATCA.AS.

Pelephone, a subsidiary of Bezeq Israel Telecom BEZQ.TA, said it will pay 88.2 million shekels. The payments are due in September 2022.

Israel's three main telecom operators have been struggling to stay profitable in a country with nine million people and nine mobile providers after a sector shake-up in 2012.

($1 = 3.4044 shekels)

(Reporting by Tova Cohen)

((tova.cohen@thomsonreuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CEL PTNR

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More