Cellcom Israel Announces Israeli Antitrust Considers Opposing Golan Telecom's Purchase

Mar 28, 2016, 01:53 ET from Cellcom Israel Ltd.

NETANYA, Israel, March 28, 2016 /PRNewswire/ --

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that the Israeli Antitrust commissioner informed the Company it is considering opposing the current layout of the proposed purchase of Golan Telecom by the Company and therefore summons the Company to a hearing, in order to convey its concerns to the Company and allow the Company to propose solutions to such concerns, before making a decision.

For additional details in regards to the agreement for the purchase of Golan Telecom, see the Company's most recent annual report for the year ended December 31, 2015 on Form 20-F, filed on March 21, 2016, under "Item 3 Key Information - D. Risk Factors - Risks Related to the Proposed Acquisition of Golan Telecom Ltd." and under "Item 4. Information on the Company - B. Business Overview - General - Agreement for the Purchase of Golan".

About Cellcom Israel  

Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its approximately 2.835 million cellular subscribers (as at December 31, 2015) 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://www.cellcom.co.il.

Company Contact
Shlomi Fruhling
Chief Financial Officer
Tel: +972-52-998-9735    

Investor Relations Contact
Ehud Helft
GK Investor & Public Relations  In partnership with LHA
Tel: +1-617-418-3096

SOURCE Cellcom Israel Ltd.