NETANYA, Israel, Feb. 12, 2017 /PRNewswire/ -- Cellcom Israel
Ltd. (NYSE: CEL) (the "Company") announced today that the district
court dismissed the previously reported Marathon 018 Xfone Ltd., or
Xfone's request for an interim injunction against the completion
and execution of the Company's network sharing and hosting
agreement with Electra Consumer Products Ltd., or the Electra
Agreement, at the request of the parties. The parties agreed in
principle to make certain modifications to the Company and Xfone's
July 2016 network sharing and hosting
agreement, or the Xfone Agreement, in line with the Electra
agreement, as well as provide Xfone with certain annual discounts
for immaterial amounts. This agreement in principle is subject to
finalization and negotiation of definitive documentation. Both the
Electra and Xfone Agreements await regulatory approvals.
For additional details see the Company's current reports on Form
6-K dated August 10, 2016 (under
"Other developments during the second quarter of 2016 and
subsequent to the end of the reporting period –Agreement with
Xfone"), November 14, 2016 (under
"Other developments during the third quarter of 2016 and subsequent
to the end of the reporting period – Network Sharing with Xfone"),
January 3, 2017 and January 31, 2017.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli
cellular provider; Cellcom Israel provides its approximately 2.822
million cellular subscribers (as at September 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.