Cellcom Israel Ltd. Announces Dismissal of a Purported Class Action
NETANYA, Israel, May 6, 2010 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that the Israeli Supreme Court dismissed an appeal regarding the dismissal of a purported class action filed against the Company (and another cellular operator) in the District Court of Tel-Aviv-Jaffa in December 2002, in connection with the Company's incoming call tariff to subscribers of other operators when calling the Company's subscribers during the period before the regulation of interconnect fees. The dismissal of the appeal followed its withdrawal by the appellants at the recommendation of the Supreme Court. Had the lawsuit been certified as a class action, the amount claimed from Cellcom was estimated by the plaintiffs to be NIS 1.6 billion.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom Israel provides its approximately 3.292 million subscribers (as at December 31, 2009) 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 and TDMA 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 its customers technical support, account information, direct to the door parcel services, internet and fax services, dedicated centers for the hearing impaired, etc. As of 2006, Cellcom Israel, through its wholly owned subsidiary Cellcom Fixed Line Communications L.P., provides 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 http://www.cellcom.co.il
Company Contact Yaacov Heen Chief Financial Officer [email protected] Tel: +972-52-998-9755 Investor Relations Contact Porat Saar & Kristin Knies CCG Investor Relations Israel & US [email protected] Tel: +1-646-233-2161
SOURCE Cellcom Israel Ltd.
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