Welcome to our dedicated page for CEL news (Ticker: CEL), a resource for investors and traders seeking the latest updates and insights on CEL stock.
Cellcom Israel Ltd. (CEL) is a leading telecommunications provider delivering mobile, broadband, and digital network services across Israel. This page aggregates official company announcements, press releases, and market developments to keep stakeholders informed about strategic initiatives and operational updates.
Investors and industry observers will find timely updates on earnings reports, infrastructure investments, technology deployments, and regulatory developments. Our curated feed focuses on verified corporate communications while maintaining strict editorial neutrality.
The news collection includes:
- Quarterly financial results and shareholder meeting details
- Network expansion announcements and 5G deployment progress
- Strategic partnerships and service innovations
- Regulatory filings and compliance updates
Bookmark this page for direct access to CEL's official communications and market-moving developments in Israel's telecommunications sector. Check regularly for updates that may impact investment decisions or industry analysis.
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.
Cellcom Israel Ltd. (NYSE: CEL) announced receipt of an unlawful annulment notice from its cellular sharing partner, Xfone, related to alleged breaches of their agreement. Xfone claims Cellcom breached the contract by acquiring Golan Telecom, while Cellcom strongly denies these allegations and plans to enforce the agreement. The implications of this situation on Cellcom's financial results are currently unassessable. The sharing agreement is noted as a significant revenue factor in the company's previous reports.
Cellcom Israel Ltd. (NYSE: CEL) announced that the Israeli Competition Commissioner has approved its investment transaction with the Israel Infrastructure Fund and Hot Telecommunication Systems in IBC Israel Broadband. Completion is contingent on additional approvals from the Israeli Ministry of Communications and potential regulatory changes, which are not guaranteed. This forward-looking statement emphasizes the uncertainties surrounding the transaction.
Cellcom Israel Ltd. (NYSE: CEL) has announced its plan to consolidate its share listing to the Tel Aviv Stock Exchange (TASE) and voluntarily delist from the New York Stock Exchange (NYSE). The decision is motivated by the reduction of costs and the optimization of operations, as the majority of its trading occurs on TASE. The last trading day on NYSE is expected to be no earlier than February 8, 2021, with the consolidation to take effect thereafter. The company remains committed to transparency and will continue to meet SEC reporting obligations until deregistration is achieved.
Cellcom Israel Ltd. (NYSE: CEL) announced that its cellular sharing network partner, Marathon 018 Xfone Ltd., has failed to make payments due on October 31 and November 30, 2020. As a result, the company is exercising its rights under the agreement. However, Cellcom cannot currently assess the implications of this non-payment on its financial results. The network sharing agreements represent a significant portion of the company's revenue, as highlighted in its 2019 annual report.
Cellcom Israel Ltd. (NYSE: CEL) appointed Mr. Yoram Turbowicz to its Board of Directors, effective December 2, 2020. Turbowicz has extensive experience in corporate governance, holding positions at Discount Investment Corporation and several private companies. Previously, he was chairman of Azorim Ltd. and Delek Energy Systems Ltd., and served as Chief of Staff to the Israeli Prime Minister. This appointment is expected to bring fresh perspectives to the company.
Cellcom Israel Ltd. (NYSE: CEL) announced a private offering of additional Series L debentures, receiving orders for approximately NIS 744 million. The company accepted orders for NIS 400 million subject to TASE's approval. Each debenture is priced at NIS 977 with an effective interest of 3.55% per annum. The net proceeds will be used for general corporate purposes. The offering is directed only at residents of Israel and is not registered under U.S. Securities Act.
Cellcom Israel Ltd. (NYSE: CEL) announced the resignation of Ms. Diana Ingrid Elsztain-Dan as a director and the termination of Mr. Saul Zang's nomination as an alternate director. These changes are effective immediately, following the court's approval for the sale of the controlling stake in Discount Investment Corporation Ltd. to investors led by Mega Or Holdings Ltd. The Company has provided additional details in their annual report and other recent filings.
Cellcom Israel Ltd. (NYSE: CEL) announced plans to prepare for a potential private offering of additional debentures from its existing Series L Debentures for an aggregate principal amount of approximately NIS 300 - 400 million, exclusively to institutional investors in Israel. Standard & Poor's Maalot reaffirmed a negative ilA rating for this potential offering. The timing, terms, and execution of the offering are yet to be determined and require further board approval. The offering will not be registered under U.S. Securities Act and won't be sold in the United States.
