Monday, August 26, 2013

Cellcom Sells its "Kosher" ISP Subsidiary; Values at $200/subscriber

Amitai Ziv reports to The Marker (here, Hebrew) that Cellcom, an Israeli MNO and ISP is putting its "kosher" subsidiary, Rimon, for sale.

"Cellcom hopes to get $10M for the ISP, which has 50,000 subscribers  (hence $200 per subscriber), mainly religious consumers, education institutes and business customers to whom it offers several service plans. Industry experts estimate that the ISP operates with low margins, due to the intensive manual work needed for the filtering updates". 

Cellcom, through Rimon, offers 5 plans dubbed protected (black list) to hermetic (white list) with some variations in between.

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