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Cellcom Israel Ltd (CEL.N)

CEL.N on New York Stock Exchange

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22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Cellcom Israel says district court granted an interim injunction
Thursday, 21 Jul 2016 10:20am EDT 

Cellcom Israel Ltd :Says district court granted an interim injunction against consummation of Golan Telecom - Hot Mobile agreement.  Full Article

Cellcom Israel announces legal actions against Golan Telecom
Tuesday, 12 Jul 2016 02:20am EDT 

Cellcom Israel Ltd : Cellcom Israel announces legal actions against Golan Telecom .Legal actions against golan include request for interim injunction against consummation of golan - hot mobile agreement.  Full Article

Cellcom Israel announces network sharing and hosting agreement with Xfone
Tuesday, 12 Jul 2016 02:15am EDT 

Cellcom Israel Ltd : Cellcom Israel announces network sharing and hosting agreement with Xfone .Says agreement will have no impact on co's current agreements with Golan Telecom or co's compliance with such agreements.  Full Article

Cellcom Israel says has notified Golan Telecom that Hot agreement constitutes material breach of SPA
Monday, 13 Jun 2016 01:30am EDT 

Cellcom Israel Ltd : Company has notified Golan Telecom and its shareholders that Hot agreement constitutes material breaches of share purchase agreement . Cannot estimate chances of regulatory approval of Hot agreement .Notified Golan Telecom that breach of contract, would allow co to terminate SPA and demand payment of NIS 600 million.  Full Article

Cellcom Israel Q1 EPS ILS 0.59
Monday, 23 May 2016 02:01am EDT 

Cellcom Israel Ltd : Cellcom israel announces first quarter 2016 results . Q1 earnings per share ILS 0.59 .Q1 revenue fell 3.8 percent to ILS 1.022 billion.  Full Article

Cellcom Israel Ltd declares Q1 2015 dividend
Thursday, 14 May 2015 02:26am EDT 

Cellcom Israel Ltd:Declares cash dividend for Q1 of 2015.  Full Article

Cellcom Israel Ltd announces a loan agreement
Sunday, 3 May 2015 08:04am EDT 

Cellcom Israel Ltd:Enters into a loan agreement with two Israeli financial institutions, or Lenders, according to which the Lenders have agreed, subject to certain customary conditions.  Full Article

Cellcom Israel Ltd announces filing of purported class action
Sunday, 15 Mar 2015 03:00am EDT 

Cellcom Israel Ltd:Says that purported class action was filed against the company, by plaintiffs alleging to be subscribers of the company, claiming compensation for non monetary damages in connection with allegations that the company unlawfully violated privacy of its subscribers.Amount claimed from the company, if the lawsuit is certified as class action is estimated by plaintiffs to be 15 billionIsraeli shekels, all for alleged non monetary damages.Says that at this early stage the company cannot assess lawsuit's chances of success.  Full Article

Cellcom Israel Ltd announces filing of purported class action
Wednesday, 19 Nov 2014 05:40am EST 

Cellcom Israel Ltd:Says that a purported class action was filed against the company and another cellular operator recieving hosting services from the company.By plaintiffs alleging to be subscribers of the defendents, claiming compensation for non monetary damages in connection with allegations that the defendents, unlawfully and in violation of their license and their agreement with their subscribers.Failed to provide service to their subscribers during the previously reported network malfunction that the defendents suffered on Nov. 6.Total amount claimed from the defendents, if the lawsuit is certified as class action is estimated by the plaintiff to be about NIS 72 mln, of which about NIS 60 mln is attributed to the company.At this early stage the company cannot assess the lawsuit's chances of success.  Full Article

Cellcom Israel Ltd announces updated network sharing agreements
Monday, 22 Sep 2014 02:03am EDT 

Cellcom Israel Ltd:Says following the previously reported network sharing agreements , and the israeli ministry of communications requirements regarding network sharing, the company entered the following agreements.Says the parties' existing 2G and 3G IRU agreement and 4G network sharing agreement were updated, generally for a period of at least 10 years;.and include stipulations as to ownership and mutual IRU rights in the 4G radio equipment as well as the establishment of a Joint Venture for the joint operation of the 4G radio network.Says the company and Pelephone Communications entered a co-operation agreement regarding maintenance services for passive elements of cell sites, including unifying passive elements and streamlining costs, through a common contractor.Says the contractor to be selected by RFP process will enter a separate agreement with each of the company and Pelehpone, generally for a period of at least 5 years.  Full Article