FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
December 6, 2007
Commission
File Number: 001-33271
CELLCOM
ISRAEL LTD.
10
Hagavish Street
Netanya,
Israel 42140
________________________________________________
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F
__X__ Form 40-F
_____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _____ No
__X__
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not Applicable
CELLCOM
ISRAEL LTD. ANNOUNCES NEGOTIATIONS TO SELL CERTAIN SURPLUS
ASSETS
Netanya,
Israel – December
6,
2007 –
Cellcom
Israel Ltd. (NYSE:
CEL), announced that it is negotiating the sale of the following assets:
(a)
certain surplus underground pipes for fiber optic cables; (b) its rights
in a
plot in Modi’in, Israel. The sale of the plot is not expected to be finalized
before the end of this quarter.
If
the
current negotiations are completed and the sales agreed for the amounts
currently contemplated, the Company is expected to record an aggregated one
time
estimated gain of NIS 28-32 million. Until the transactions are finalized,
the
Company can provide no assurance as to the execution of any of the negotiated
transactions and/or the actual gain to be recorded by the Company as a result
of
such transactions, if any are completed.
For
additional details as to the property in Modi’in, see our most recent annual
report on Form F-20 for the year 2006 under “Item 4 – Information on the Company
– D. Property, Plant and Equipment – Real Estate in Modi’in”.
Forward
Looking Statement
The
information contained in this press release contains, or may be deemed to
contain, forward-looking statements (as defined in the U.S. Private Securities
Litigation Reform Act of 1995 and the Israeli Securities Law,
1969). Said forward-looking statements, relating to the completion of
any of the negotiated transactions and the actual amount recorded, are subject
to uncertainties and assumptions about the outcome of the aforesaid
negotiations. The Company has not finalized the negotiations and the
ultimate completion of the negotiations could lead to materially different
outcome than those set forth above.
About
Cellcom Israel
Cellcom
Israel Ltd., established in 1994, is the leading Israeli cellular provider;
Cellcom Israel provides its 3 million subscribers 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 HSDPA 3.5
Generation network enabling the fastest high speed content transmission
available in the world, 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. In April 2006 Cellcom Israel, through Cellcom
Fixed Line Communications L.P., a limited partnership wholly-owned by Cellcom
Israel, became the first cellular operator to be granted a special general
license for the provision of 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://investors.ircellcom.co.il
Company
Contact
Shiri
Israeli
Investor
Relations Coordinator
investors@cellcom.co.il
Tel:
+972 52 998 9755
|
Investor
Relations Contact
Ehud
Helft / Ed Job
CCGK
Investor Relations
ehud@gkir.com
/
ed.job@ccgir.com
Tel:
(US) 1 866 704 6710 / 1 646 213
1914
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Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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CELLCOM
ISRAEL LTD.
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Date:
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December
6, 2007
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By:
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/s/ Liat
Menahemi Stadler
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Name:
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Liat
Menahemi Stadler
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Title:
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General
Counsel
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