PR Newswire
NETANYA, Israel, Feb. 18, 2018
NETANYA, Israel, Feb. 18, 2018 /PRNewswire/ -- Cellcom
Israel Ltd. (NYSE: CEL) (the "Company") reported today that following its previous announcement regarding Discount
Investment Corporation Ltd., or DIC, its indirect controlling shareholder's announcement, that DIC's binding inclusive proposal
for a creditors arrangement in Eurocom Communications Ltd., or Eurocom, and/or companies in the Eurocom group, expired, DIC
announced that it ceased conducting negotiations regarding the formation of an updated creditors arrangement proposal. DIC also
indicated that it shall continue to follow the developments in the matter and may consider submitting an updated offer according
to the circumstances. There is no assurance that an updated offer shall be filed.
For additional details see our most recent reports on Form 6-K dated January 16 and 30 and
February 5 and 12, 2018.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its
approximately 2.805 million cellular subscribers (as at September 30, 2017) with a broad range of
value added services including cellular telephony, roaming services for tourists in Israel and
for its subscribers abroad and additional services in the areas of music, video, mobile office etc., based on Cellcom Israel's
technologically advanced infrastructure. The Company operates an LTE 4 generation network and an HSPA 3.5 Generation network
enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks. Cellcom Israel offers
Israel's broadest and largest customer service infrastructure including telephone customer
service centers, retail stores, and service and sale centers, distributed nationwide. Through its broad customer service network
Cellcom Israel offers technical support, account information, direct to the door parcel delivery services, internet and fax
services, dedicated centers for hearing impaired, etc. Cellcom Israel further provides OTT TV services (as of December 2014), internet infrastructure (as of February 2015) and connectivity
services and international calling services, as well as landline telephone communications services in Israel, in addition to data communications services. Cellcom Israel's shares are traded both on the New York
Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL). For additional information please visit the Company's website
http://investors.cellcom.co.il.
Company Contact
Shlomi Fruhling
Chief Financial Officer
investors@cellcom.co.il
Tel: +972 52 998 9735
|
Investor Relations Contact
Ehud Helft
GK Investor & Public Relations In partnership with LHA
cellcom@GKIR.com
Tel: +1 617 418 3096
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SOURCE Cellcom Israel Ltd.