NETANYA, Israel, Aug. 21, 2016 /PRNewswire/ -- Cellcom Israel
Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced that its
Board of Directors has instructed the Company to prepare for a
potential offering of new series of debentures to the public in
Israel only. The Company published
today a draft indenture relating to such offering, similar to the
indenture relating to the Company's existing Series G and Series H
debentures.
The execution, timing, terms and amount of such contemplated
offering have not yet been determined and are subject to further
approval of the Company's Board of Directors, publication of a
supplemental offering report and the prior approval of the TASE for
the supplemental offering report. There is no assurance that such
offering will be executed, nor as to its timing, terms or
amount.
For additional details regarding the Company's debentures and
the Existing Indenture, see the Company's annual report on Form
20-F for the year ended December 31,
2015 under "Item 5B. Liquidity and Capital Resources – Debt
Service".
The contemplated offering described in this press release
will be made, if made, only in Israel and only to residents of Israel. The said debentures will not be
registered under the U.S. Securities Act of 1933 and will not be
offered or sold in the United
States. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any
securities.
About Cellcom Israel
Cellcom Israel Ltd., established
in 1994, is the largest Israeli cellular provider; Cellcom Israel
provides its approximately 2.812 million cellular subscribers (as
at June 30, 2016) 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 communication services in Israel, in addition to data communication
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 9755
|
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.