Electra Ltd. (TASE:ELTR) is reportedly negotiating to acquire Golan Telecom Ltd. for NIS 350 million. Electra is negotiating to acquire Golan Telecom for NIS 350 million, as reported by Globes and reported to the Tel Aviv Stock Exchange (TASE) several weeks ago. The complicated deal is likely to also include financing elements from Electra to pay for the acquisition. Electra is negotiating with Cellcom Israel Ltd. (TASE:CEL) for an estimated NIS 100 million in financing to pay for Electra's acquisition of Golan Telecom Ltd. The financing is to be in the form of loans and credit from suppliers. This financing plan is likely to draw scrutiny from the Ministry of Communications and the Antitrust Authority. Sources inform Globes that if the deal goes through, Electra's equity in it will be only NIS 70 million out of the NIS 350 million to be paid to the Golan Telecom shareholders. The rest of the financing will come from Cellcom and bank or non-bank leverage in the form of a non-recourse loan. The sources also said that Cellcom Israel will also provide Electra with major financing in the form of credit from suppliers for purchasing half of the radio equipment needed for cooperation between Cellcom Israel and an Electra-controlled Golan Telecom.