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    CEL   IL0011015349

CELLCOM ISRAEL LTD.

(CEL)
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End-of-day quote TEL AVIV STOCK EXCHANGE  -  05-17
18.65 ILS   -4.36%
03/29Israeli regulator approves new ownership for Partner Communications
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CELLCOM ISRAEL ANNOUNCES PETITION AGAINST ISRAELI MINISTRY OF COMMUNICATIONS FOR RETURNING SUM PAID BY SUBSIDIARY - Form 6-K

11/01/2021 | 05:17am EDT
CELLCOM ISRAEL ANNOUNCES PETITION AGAINST ISRAELI
MINISTRY OF COMMUNICATIONS FOR RETURNING SUM
PAID BY SUBSIDIARY

Netanya, Israel - November 1, 2021 - Cellcom Israel Ltd. (TASE: CEL) (hereinafter: the "Company") announced today that following its previous report regarding the Israeli Ministry of Communications, or MOC's, July 2021 resolution which determines that Golan Telecom Ltd., or Golan, a wholly owned subsidiary of the Company, is required to return a financial benefit it previously received from the MOC in the amount of NIS 59 million, on October 31, 2021, Golan submitted an administrative petition to the Jerusalem District Court to annul the said resolution and return the sum subsequently paid by Golan, to Golan.
For additional details see our annual report for the year ended December 31, 2020 on Form 6-K, dated March 17, 2021, under note 7 to our financial statements (incorporated by reference into our Form 20-F, dated April 28, 2021, under item 18) and our annual report for the period ended June 30, 2021 on Form 6-K, dated August 12, 2021, under note 11.D. to our financial statements.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services. Cellcom Israel is the largest Israeli cellular provider, providing its cellular subscribers with a broad range of services including cellular telephony, roaming services, text and multimedia messaging, advanced cellular and data services and other value-added services in the areas of mobile office, data protection etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates advanced networks enabling high-speed broadband and advanced multimedia services. Cellcom Israel offers nationwide customer service including telephone customer service, retail stores, and service and sale centers. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel.

CELLCOM

Disclaimer

Cellcom Israel Ltd. published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 10:16:11 UTC.


© Publicnow 2021
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Financials
Sales 2022 - - -
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 74,6x
Yield 2022 -
Capitalization 3 048 M 904 M 904 M
Capi. / Sales 2022 -
Capi. / Sales 2023 -
Nbr of Employees 2 779
Free-Float 52,3%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 18,65 ILS
Average target price 20,50 ILS
Spread / Average Target 9,92%
EPS Revisions
Managers and Directors
Daniel Sapir Chief Executive Officer
Doron Haim Cohen Chairman
Yaniv Koriat Chief Technology Officer
Victor Malka Chief Information Officer
Ephraim Kunda Director
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