Cellcom Israel Announces Dissmisal of Purported Class Action Filed Against the Company
NETANYA, Israel, June 26, 2012 /PRNewswire/ –
Cellcom Israel Ltd. (NYSE: CEL) (the “Company”) announced that a purported class
action filed against the Company and two other cellular operators, in December 2007, was
dismissed without prejudice, at the request of the parties.
The purported class action lawsuit filed by plaintiffs alleging that the defendants
have created environmental hazards by unlawfully building cell sites and therefore
demanded that the defendants will compensate the public for certain damages, dismantle
existing unlawfully built cell sites and refrain from unlawfully building new cell sites.
Had the lawsuit been certified as a class action, the compensation claimed from the
defendants was estimated by the plaintiffs to be NIS 1 billion.
Under the parties’ agreement, which was approved by the court, the defendants will
make a donation to certain non-profit organizations in an amount which is not material to
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider;
Cellcom Israel provides its approximately 3.362 million subscribers (as at March 31, 2012)
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. Cellcom Israel operates an HSPA 3.5 Generation
network enabling advanced high speed broadband multimedia services, in addition to
GSM/GPRS/EDGE 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 technical support, account information, direct to the door
parcel delivery services, internet and fax services, dedicated centers for the hearing
impaired, etc. Cellcom Israel further provides through its wholly owned subsidiaries
internet connectivity services and international calling services, as well as 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 [http://investors.ircellcom.co.il/events.cfm ]
Company Contact Yaacov Heen Chief Financial Officer email@example.com Tel: +972-52-998-9755 Investor Relations Contact Porat Saar CCG Investor Relations Israel & US firstname.lastname@example.org Tel: +1-646-233-2161
SOURCE Cellcom Israel Ltd.