CELLCOM
ISRAEL ANNOUNCES DISMISSAL OF A PURPORTED
CLASS
ACTION
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NETANYA, Israel, December 16, 2008 –
Cellcom Israel Ltd. (NYSE: CEL) (the “Company”) announced today that a
purported class action filed against the Company (and another Israeli
cellular operator) in the District Court of Tel-Aviv–Jaffa on December
2002, in connection with the defendants' incoming call tariff to
subscribers of other operators when calling subscribers of the defendants
during the period before the regulation of interconnect fees, was
dismissed with prejudice. Had the lawsuit been certified as a class
action, the amount claimed was estimated by the plaintiff to be NIS 1.6
billion.
For additional
details see the Company’s most recent annual report for the year ended
December 31, 2007 on Form 20-F under “Item 8. Financial Information – A.
Consolidated Statements and Other Financial Information – Legal
Proceedings – Purported Class Actions".
About Cellcom
Israel
Cellcom Israel Ltd.,
established in 1994, is the leading Israeli cellular provider; Cellcom
Israel provides its approximately 3.157 million subscribers (as at
September 30, 2008) 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
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Company
Contact
Shiri
Israeli
Investor
Relations Coordinator
investors@cellcom.co.il
Tel:
+972 52 998 9755
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Investor
Relations Contact
Ehud
Helft / Ed Job
CCGK
Investor Relations
ed.job@ccgir.com /
info@gkir.com
Tel:
(US) 1 866 704 6710 / 1 646 213
1914
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CELLCOM
ISRAEL LTD.
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Date:
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December
16, 2008
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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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