Bezeq's Pelephone signs deal to buy Wecom for up to NIS 265 million

• Bezeq subsidiary Pelephone signed a binding agreement on November 9, 2026, to acquire 100% of Wecom Mobile.
• Consideration totals up to NIS 265 million, subject to adjustments, on a cash-free, debt-free basis, funded through existing cash balances.
• Completion requires competition and communications approvals, including a 10-year extension of Wecom's mobile license from April 19, 2027.
• Pelephone plans to migrate Wecom's approximately 309,000 active subscribers to its network.
• Potential synergies could contribute NIS 50 million to comparable EBITDA in the short term, rising to approximately NIS 100 million longer term.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bezeq The Israel Telecommunication Corporation Ltd. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.