NETANYA, Israel, March 20, 2017 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the
"Company") announced today that following previous reports
regarding the Company's network sharing and hosting services
agreement with Marathon 018 Xfone Ltd., or Xfone, the agreement was
approved by the Ministry of Communications (after having been
previously approved by the Israeli Antitrust Commissioner).
For additional details see the Company's most recent annual
report for the year ended December 31,
2016 on Form 20-F, filed on March 20,
2017, under "Item 3. Key Information - D. Risk Factors -
Risks Related to our Business - We face intense competition in all
aspects of our business" and "Item 4. Information on the Company -
B. Business Overview - Networks and Infrastructure- Cellular
Segment- Network Sharing Agreements" and under "-Competition -
Cellular" and " - Government Regulation -Additional MNOs".
Forward looking statement
The information included in this press release contains, or may
be deemed to contain, forward-looking statements (as defined in the
U.S. Private Securities Litigation Reform Act of 1995 and the
Israeli Securities Law, 1968). Said forward-looking statements,
relating to the execution of the agreement and the benefits
therefrom, are subject to uncertainties and assumptions about
Xfone's entry to the cellular market, the parties' ability to
execute the contemplated arrangements and the Israeli
telecommunication market condition. The actual conditions the
Company may face could lead to materially different outcome than
that set forth above.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli
cellular provider; Cellcom Israel provides its approximately 2.801
million cellular subscribers (as at December
31, 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
SOURCE Cellcom Israel Ltd.