Elco Ltd. (TASE:ELCO) is reportedly closing in on the takeover of Golan Telecom Ltd. Golan Telecom stockholder Patrick Pariente, who was recently said to have taken over responsibility to negotiate the sale of the cellco, is reportedly due to visit Israel soon to finalize talks with Elco. It is said that Golan is not discussing terms of a potential sale with any other prospective buyer, and both it and rival Cellcom have requested the court for a 48-hour extension in order to conclude discussions.