Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that its indirect subsidiary IBC Israel Broadband Company (2013) Ltd.'s, or IBC, entered an agreement with an Israeli financial institution, under which IBC shall be awarded a credit line of up to NIS 350 million, to be repaid until December 31, 2032, to further its business operation, including deployment of fiber-optic infrastructure in Israel. The agreement includes customary commercial terms and conditions. In addition, the partnership jointly held by the Company and Israel Infrastructure Fund undertook to provide IBC with an additional investment of NIS 50 million before 2021 year end.
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company"), announced today that it will be releasing its financial results for the first quarter of 2020 on Thursday, May 21, 2020.
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that Mr. Amos Maor, the Company's VP of Sales and Service, in charge of the Company's private customers, informed the Company of his intention to resign his position, in the near term, after a long and fruitful tenure as VP Sales and Service (since 2012) and previously as VP of Operations and Supply Chain (since 2004), during which period he successfully led various strategic cross-company processes, including merging the service, sales and operation formations of Cellcom Israel and Netvision, organizational changes and streamlining processes, constructing Cellcom tv operations and sales formation, preparing for number portability and the entry of new operators to the market, constructing and operating the Cellcom Israel group operational formation, including the logistic center and end-user repair center, and managed thousands of sale and service representatives and the Company's dealers formation.
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that the public tender for its Series L debentures and Series 4 options to purchase its ordinary shares, announced yesterday, was concluded. The Company accepted a portion of the offers received. The final information relating to the public offering is as follows:
NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Cellcom Israel Ltd. (NYSE:CEL) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 21, 2020 at 10:00 AM Eastern ...
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced today that following the Company's previously announced potential debt offering in Israel, the Company is in preparations to raise up to NIS 200,000,000 in debentures and options to purchase ordinary shares of the Company, and subject to the completion of the contemplated offering, the Company has accepted early commitments from institutional investors for the purchase of an aggregate of 222,000 units, each comprised of 1,000 debentures Series L and 10 options Series 4, for NIS 906 per unit out of orders for approximately 560 thousand units received in the institutional tender. In consideration for making early commitments, the institutional investors will receive an early commitment commission in the amount of 0.5% of the immediate consideration for the units they undertook to purchase.
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that Mr. Shlomi Fruhling, the Company's Chief Financial Officer, informed the Company of his intention to resign his position, in the near term, at a date yet to be determined.
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today an update on the impact of the Corona virus and the related containment measures by the Israeli government on its operations and results of operations:
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that Mr. Eran Saar resigned his office as director of the Company, following termination of his office as CEO of the Company's indirect controlling shareholder.
Cellcom, Israel's largest mobile phone operator, reported a wider quarterly net loss, weighed down by continued competition in the mobile sector and the coronavirus outbreak. Cellcom said on Thursday it lost 43 million shekels ($12 million) in the first quarter, versus a 16 million shekel loss a year earlier. Revenue fell 3.9% to 892 million shekels, though service revenue inched up 0.6%.
First Quarter 2020 Highlights (compared to first quarter of 2019):
Cellcom, Israel's largest mobile phone operator, reported a wider quarterly net loss, weighed down by an expense for a voluntary retirement plan, and warned the coronavirus outbreak would harm future earnings. Cellcom said on Monday it lost 54 million shekels ($15 million) in the fourth quarter, versus a 35 million shekel loss a year earlier. It recorded an expense of 45 million shekels for the retirement plan of 450 workers and said it expected to gradually see cost savings from the second quarter.
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company"), announced today that it will be releasing its financial results for the fourth quarter and full year of 2019 on Monday, March 23, 2020.
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced today that its Board of Directors has instructed the Company to prepare for a potential offering of additional debentures from the Company's existing Series L Debentures in an aggregate principal amount of approximately NIS 200 million and additional Series 4 options to purchase ordinary shares of the Company in an aggregate principal amount of approximately NIS 2 million, to the public in Israel only.
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that following the Company's previous reports regarding a frequencies migration the Company shall be required to execute, to accord to European standards, the Ministry of Communications, or MOC, instructed the Company to execute the previously announced three phase frequencies change alternative, beginning June 1, 2020. The MOC may further allocate to the Company additional frequencies for limited periods during the transition period.
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced that following the Company's previously announced potential securities offering in Israel and acceptance of early commitments from institutional investors, the Company filed today a supplemental shelf offering report, or Offering Report, with the Israel Securities Authority and the Tel Aviv Stock Exchange, or TASE, under the Company's shelf prospectus. Pursuant to the Offering Report, the Company is offering, to the public in Israel, as follows:
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today the appointment of Mr. Samy Bakalash and Mr. Aaron Kaufman as members of the Company's Board of Directors, effective May 12, 2020. Mr. Bakalash was nominated to the board by the Company's employees, as per the February 2020 collective employment agreement. Mr. Kaufman nominated Mr. Saul Zang as his alternate director.
2019 Full Year Highlights (compared to 2018):
If you have not received it, please contact Cellcom's Investor Relations team at GK Investor & Public Relations at 1 (646) 688-3559 or view it in the News section of the company's website, www.cellcom.co il. Mr. Helft, would you like to begin?
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that following the previously announced resignation of Mr. Ami Erel, the Company's former Chairman of the Board of Directors, Mr. Doron Cohen was appointed as the Company's new director and Chairman of the Board of Directors, effective March 23, 2020.