Cellcom Israel (CEL.N) has offered to buy its sister company Netvision (NTSN.TA) for about 1.5 billion shekels ($421 million) in cash, Israel's largest mobile phone operator said on Monday. Both Cellcom (CEL.TA) and Netvision, a provider of Internet and domestic and international landline services, are subsidiaries of the IDB Holding (IDBH.TA) conglomerate. "Netvision has not responded yet to our proposal and we can provide no assurances that we will enter into any transaction," Cellcom said.
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