NETANYA, Israel, August 1, 2017 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today
that following the previously reported amendment to the Company's
cellular license in relation to the requirement that Israeli
citizens and residents from among the Company's founding
shareholders hold at least 5% of the Company's outstanding shares
and other means of control, as of July
2017, the Israeli Ministry of Communications amended the
Company's cellular license so as to postpone the application of
such requirement until October 31,
2017.
For additional details see the Company's Annual Report for 2016
"Item 3. Key Information - D. Risk Factors - Risks Related to our
Business - There are certain restrictions in our licenses relating
to the ownership of our shares " and "Item 4. Information on the
Company - B. Business Overview - Government Regulations - Cellular
Segment - Our Cellular License".
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli
cellular provider; Cellcom Israel provides its approximately 2.792
million cellular subscribers (as at March
31, 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: +972-52-998-9755
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.