NETANYA, Israel, January 31, 2017 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that Marathon 108 Xfone Ltd., or Xfone, filed with the district court a request for an interim injunction against the Company, seeking to prevent the completion and execution of the Company's January 2017 network sharing and hosting agreement with Electra Consumer Products Ltd., or the Electra Agreement, claiming that the Electra Agreement contradicts Xfone's network sharing and hosting agreement with the Company (entered July 2016) and violates Xfone's rights. The Company rejects the claims made by Xfone and intends to execute both agreements (subject to regulatory approvals) and intends to vigorously oppose Xfone's request.
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") and January 3, 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/
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SOURCE Cellcom Israel Ltd.