Bezeq agrees to acquire Israeli mobile operator Wecom for up to $84m

Details: Manny Pham; Category: Operators; 11 November 2026; 588 views

Israeli telecoms group Bezeq has agreed to acquire mobile operator Wecom for up to NIS265 million (US$84 million), with the deal expected to generate cost savings of up to NIS100 million for the group over the longer term.

Bezeq subsidiary Pelephone will acquire 100% of Wecom from Clear Holdings Communications and Marathon Telecom. The cash-free, debt-free transaction is subject to regulatory approval, including clearance from Israel's competition authority and Ministry of Communications.

Wecom has around 309,000 active subscribers and provides mobile and internet services through a network-sharing arrangement with Cellcom. Pelephone plans to migrate Wecom's customers onto its own network, giving them access to its full range of mobile services.

Bezeq estimates that operating synergies could add around NIS50 million to its comparable EBITDA in the short term, rising to approximately NIS100 million over the longer term. Savings are expected from lower operating costs initially, followed by efficiencies in network and spectrum costs.

The acquisition will be funded from existing cash balances held by Pelephone and/or Bezeq. Completion is subject to the extension of Wecom's mobile licence for a further ten years beyond its current expiry date of 19 April 2027. The parties have 180 days to meet the conditions, with a possible 30-day extension.

Wecom generated revenue of NIS116.5 million in 2025, down from NIS135.7 million in 2024. EBITDA fell to NIS13.1 million from NIS16.3 million, while the company reported a net loss of NIS3.9 million, compared with a net profit of NIS21.2 million the previous year.