Cellcom Israel Ltd. Announces Dissmissal of Appeal Against Dissmisal of Purported Class Action Filed Against the Company

Nov 03, 2015, 02:25 ET from Cellcom Israel Ltd.

NETANYA, Israel, November 3, 2015 /PRNewswire/ --

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced the dissmisal with prejudice of an appeal filed in May 2014 with the Israeli Supreme Court, challenging the dismissal with prejudice by the District Court of a purported class action against the Company reported on November 2011. The purported class action alleged that the Company raised tariffs for business customers unlawfully and in violation of its agreements with them.

Had the lawsuit been certified as a class action, the total amount claimed from the Company was 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 2.848 million subscribers (as at June 30, 2015) with a broad range of value added services including cellular and landline telephony, roaming services for tourists in Israel and for its subscribers abroad, additional services in the areas of music, video, mobile office etc. and most recently - also television over the internet service in Israel, based on Cellcom Israel's technologically advanced infrastructure. The Company operates an LTE 4 Generation and HSPA 3.5 Generation networks 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. Cellcom Israel further provides through its wholly owned subsidiaries internet connectivity services and international calling services, as well as landline telephone communication services, 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

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.