NETANYA, Israel, Jan. 20, 2021 /PRNewswire/ -- Cellcom Israel Ltd.
(NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced
today that following its previous announcement regarding an
investment transaction between the Company, the Israel
Infrastructure Fund and Hot Telecommunication Systems Ltd. in IBC
Israel Broadband (2013) Ltd., the Israeli Competition Commissioner
granted its approval for the transaction. The completion of the
transaction is subject to certain conditions, including the
approval of the Israeli Ministry of Communications, or MOC, and
regulatory changes, which are yet to be met. The Company cannot
guarantee such changes will be made and approval will be
granted.
For additional details see the Company's annual report on Form
20-F dated March 23, 2020 under "Item
4 – Information on the Company – B. Business Overview – Networks
and Infrastructure – Fixed-line Segment – Investment in IBC and
sale of fiber-optic infrastructure to IBC" and the Company's
current report on Form 6-K dated September 15, 2020.
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 potential transaction and execution thereof, are
subject to uncertainties and assumptions about the required change
of current regulation and receipt of the MOC approval. 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 a leading Israeli
communications group, providing a wide range of communications
services. Cellcom Israel is the largest Israeli cellular provider,
providing its cellular subscribers with a broad range of services
including cellular telephony, roaming services, text and multimedia
messaging, advanced cellular and data services and other
value-added services in the areas of mobile office, data
protection etc., based on Cellcom Israel's technologically advanced
infrastructure. The Company operates advanced networks enabling
high speed broadband and advanced multimedia services. Cellcom
Israel offers nationwide customer service including telephone
customer service, retail stores, and service and sale centers.
Cellcom Israel further provides OTT TV services, internet
infrastructure and connectivity services and international calling
services, as well as landline telephone services in Israel.
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
|
Investor Relations
Contact
|
Shai
Amsalem
|
Elad Levy
|
Chief Financial
Officer
|
Investor Relations
Manager
|
investors@cellcom.co.il
|
investors@cellcom.co.il
|
Tel:
+972-52-998-4774
|
Tel:
+972-52-998-4774
|
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SOURCE Cellcom Israel Ltd.