NETANYA, Israel, November 19, 2012 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today
the dismissal of a purported class action lawsuit filed against the
Company and another cellular operator in March 2010, at the plaintiffs' request. The
purported class action was filed in connection with allegations
that the defendants breached their cellular license by failing to
purchase insurance against monetary liability which the defendants
may suffer due to bodily damages that allegedly may be caused by
cellular radiation. If the lawsuit was certified as a class action,
the total amount claimed was estimated by the plaintiffs to be
approximately NIS 4.2 billion, out of
which NIS 2.1 billion was attributed
to the Company individually.
For additional details see the Company's Consolidated Financial
Statements for the year ended December 31,
2011, under "Note 31 - Contingent Liabilities - section
2.b.", on Form 20-F.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the leading Israeli
cellular provider; Cellcom Israel provides its approximately 3.338
million subscribers (as at September 30,
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
Company Contact
Yaacov Heen
Chief Financial Officer
investors@cellcom.co.il
Tel: +972-52-998-9755
Investor Relations Contact
Porat Saar
CCG Investor Relations Israel& US
cellcom@ccgisrael.com
Tel: +1-646-233-2161
SOURCE Cellcom Israel Ltd.