CELLCOM
ISRAEL ANNOUNCES DISMISSAL WITH PREJUDICE OF A PURPORTED
CLASS
ACTION
FILED AGAINST THE COMPANY
NETANYA,
Israel, February 20, 2008 – Cellcom Israel Ltd. (NYSE: CEL) (the “Company”)
announced today that a purported class action lawsuit filed against the
Company,
in April 2007, was dismissed with prejudice on February 18, 2008. The plaintiffs
claimed that the Company raised its tariffs unlawfully and in violation
of its
license, in pricing plans that include a commitment to purchase certain
services
for a fixed period.
Had
the
dismissed lawsuit been certified as a class action, the amount claimed
from the
Company was estimated by the plaintiffs to be approximately NIS
230,550,000.
For
details in regards to a similar outstanding purported class action see
note
3(A)(1) to our Financial Statement as at September 30, 2007 filed on Form
6-K on
November 8, 2007.
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 HSPA 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
info@gkir.com
/ ed.job@ccgir.com
Tel:
(US) 1 866 704 6710 / 1 646 213
1914
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