Cellcom Israel Ltd. Announces Appeal Against Dismissal Of Purported Class Action Filed Against The Company
NETANYA, Israel, May 28, 2014 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced that further to the Company's report of the dismissal with prejudice of a purported class action against the Company reported on November 2011, an appeal was filed by the plaintiffs challenging the dismissal. The purported class action alleged that the Company raised tariffs for business customers unlawfully and in violation of its agreements with them. If the lawsuit is certified as a class action, the total amount claimed from the Company is estimated by the plaintiffs to be at least hundreds of millions of NIS.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its approximately 3.049 million subscribers (as at March 31, 2014) with a broad range of value added services including cellular and landline 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 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 through its wholly owned subsidiaries internet 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 www.cellcom.co.il
Company Contact Shlomi Fruhling Chief Financial Officer Tel: +972 52 998 9755 |
Investor Relations Contact Ehud Helft GK Investor & Public Relations In partnership with LHA Tel: +1 617 418 3096 |
SOURCE Cellcom Israel Ltd.
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