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Cellcom Israel Ltd. (TASE: CEL) is a leading Israeli telecommunications company headquartered in Netanya, Israel. The company provides a broad range of telecommunications services, including cellular, internet, and fixed-line telephony services, to both individual and business customers. Founded in 1994, Cellcom Israel has established itself as a key player in the Israeli market.
The company's core business focuses on offering advanced mobile network services, with a significant market share in Israel's highly competitive telecom sector. Cellcom Israel is also actively involved in providing broadband internet services, IPTV, and other value-added services, making it a comprehensive service provider.
Recently, Cellcom Israel has been working on several noteworthy projects and achievements. In their latest annual general meeting held on November 15, 2023, the company discussed the audited financial statements for the year ending December 31, 2022. The meeting also included the reappointment of key directors and the appointment of KOST FORER GABBAY & KASIERER, a member of Ernst & Young, as the company's independent auditors. Additionally, the company announced a one-time special grant for the CEO, highlighting its commitment to recognizing executive contributions.
Financially, Cellcom Israel is focused on maintaining a robust balance sheet and sustainable growth. The company has been transparent with its shareholders, regularly providing updates and holding general meetings to discuss important matters. For example, the next scheduled meeting is on June 20, 2024, where various topics, including special grants and financial decisions, will be addressed.
Cellcom Israel has also formed strategic partnerships to enhance its service offerings and technological capabilities. By leveraging these partnerships, the company aims to stay at the forefront of innovation within the telecommunications industry.
For shareholders and potential investors, Cellcom Israel represents a stable investment opportunity in the dynamic telecommunications sector. The company's commitment to innovation, customer satisfaction, and financial transparency makes it a significant entity in the Israeli market.
Cellcom Israel (TASE: CEL) has announced a Special General Meeting of Shareholders to be held on September 22, 2024, at 15:00 Israel time. The meeting's primary agenda is to approve the compensation of Mr. Eli Adadi, the company's new CEO. Shareholders can vote through various methods, including the Electronic Voting System and voting cards. The record date for the meeting is August 22, 2024. Detailed voting instructions are provided for different types of shareholders, including those holding shares via DTC or registered directly with the U.S. transfer agent. The company has set specific deadlines for electronic voting and submission of voting cards. For more information, shareholders can access the meeting documents on the Magna distribution website and the Tel-Aviv Stock Exchange website.
Cellcom Israel (TASE: CEL) has announced an Extraordinary General Meeting (EGM) of shareholders scheduled for June 20, 2024, at 15:00 (Israel time) at their Netanya offices. An adjourned meeting, if necessary, will take place on June 27, 2024. The record date for the meeting is May 22, 2024. The primary agenda item is the approval of a one-time special grant for the CEO.
Shareholders can view the meeting documents on the Magna and Tel-Aviv Stock Exchange websites. Both registered and unregistered shareholders can vote electronically until six hours before the meeting. Voting by mail is also possible until four hours before the meeting. For further information, shareholders are directed to contact CFO Gadi Attias or Investor Relations Manager Elad Levy.
Cellcom Israel Ltd. (TASE: CEL) announced its intention to terminate the registration of its Ordinary Shares and reporting obligations with the SEC under the Securities Exchange Act of 1934. The filing under Form 15F will occur on February 9, 2022, suspending reporting requirements immediately, with the termination expected to be effective within 90 days barring SEC objections. Despite this change, the Company will continue to provide reports on its website in English, adhering to Rule 12g3-2(b).
Cellcom Israel Ltd. (TASE: CEL) announced an Extraordinary General Meeting of Shareholders scheduled for February 28, 2022, at 16:00 p.m. in Netanya, Israel. The record date for eligibility is January 31, 2022. The primary agenda item is the approval of remuneration terms for the new CEO, Mr. Daniel Sapir. A quorum of at least one-third of the voting shareholders is required for the meeting. Voting will require a simple majority, with specific conditions outlined for controlling shareholders. The company will not mail proxy statements due to the voluntary delisting from the NYSE.
Cellcom Israel Ltd. (NYSE: CEL) announced its Annual General Meeting of Shareholders will take place on December 30, 2021, at 17:00 p.m. Israel time. The record date for eligibility is December 2, 2021. Key agenda items include consideration of audited financial statements for the year ended December 31, 2020, appointment of independent auditors, reappointment of several directors, and changes to the Articles of Association and Compensation Policy. Voting will require a simple majority for most items, with specific conditions for some. The company will cease mailing proxy statements following its voluntary delisting from NYSE.
Cellcom Israel Ltd. (NYSE: CEL) has received approval from the Israeli Minister of Communications for an investment transaction involving IBC Israel Broadband. This regulatory approval allows the completion of the transaction, which includes amendments to IBC's license obligating it to extend services to 1.7 million households within five years. The completion is expected shortly, solidifying Cellcom’s infrastructure capabilities. Further details on the transaction can be found in previous reports, including the 20-F and 6-K filings.
Cellcom Israel Ltd. (NYSE: CEL) has filed a lawsuit against its cellular sharing network partner, Xfone, for breach of payment obligations amounting to approximately NIS 34 million. The lawsuit, presented to the Tel-Aviv District Court, seeks enforcement of their network sharing agreement and includes a request for an interim injunction to prevent Xfone from signing conflicting agreements. The company cannot currently predict the lawsuit's outcome, which could significantly affect its revenue, as detailed in its 2019 annual report.
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