NETANYA, Israel, January 13, 2015 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) hereinafter: the "Company") announced today that the previously reported 4G frequencies tender was held and concluded yesterday. According to the tender committee's announcement, the Company is awarded 3MHZ 1800MHz frequencies (given its existing 1800MHz frequencies) for NIS 6.5 million per 1MHz; Pelephone Communications Ltd. is awarded 15MHz and each of Partner Communications Ltd., Golan Telecom Ltd., Hot Mobile Ltd. and Marathon 018 Ltd. (a new cellular operator) is awarded 5MHZ, for NIS 6.4 - 6.9 million per 1MHz. The results of the tender require the approval of the Minister of Communications.
For additional details see the Company's annual report for the year ended December 31, 2013 on Form 20-F, filed on March 6, 2014 under "Item 3. Key Information - D. Risk Factors - Risks Related to our Business - We face intense competition in all aspects of our business", "- We may be adversely affected by significant technological and other changes in the cellular communications industry; network sharing agreements, if approved, may have material adverse effects on our business" and "Item 4. Information on The Company - B. Business Overview - Network and Technology - Network and Technology", the company's immediate report regarding the Company's results for the second quarter of 2014 on Form 6-K dated August 11, 2014 under "Other developments during the second quarter of 2014 and subsequent to the end of the reporting period - 4 Generation Network and Network Sharing" and the company's immediate report regarding the Company's results for the third quarter of 2014 on Form 6-K dated November 12, 2014 under "Other developments during the third quarter of 2014 and subsequent to the end of the reporting period - 4 Generation Network and Frequencies".
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its approximately 3.010 million cellular subscribers (as at September 30, 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 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 and most recently - also television of the internet service 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
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SOURCE Cellcom Israel Ltd.