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 reported a 3% year-over-year revenue increase for Q3 2020, totaling NIS 956 million ($278 million). Despite the growth, the company faced a loss of NIS 373 million and a 14.8% drop in Adjusted EBITDA to NIS 231 million ($67 million) due to the ongoing impact of the COVID-19 pandemic, particularly on roaming revenues. Equipment revenues grew by 19.2% to NIS 261 million, while service revenues fell by 2% to NIS 695 million. The quarter also marked the consolidation of Golan Telecom's results and the company’s entry into a partnership with HOT for fiber optic infrastructure expansion.
Cellcom Israel Ltd. (NYSE: CEL) announced that a court approved the sale of approximately 82% of its indirect controlling shareholder, Discount Investment Corporation Ltd. (DIC), to a group led by Mega Or Holdings Ltd. This sale follows previous appointments of receivers for DIC’s shares, pledged to debenture holders of IDB Development Corporation Ltd. Approval from the Israeli Ministry of Communications is required for this transfer of control. The Company will report further developments as they occur.
Cellcom Israel Ltd. (NYSE: CEL) announced that its cellular sharing network partner, Marathon 018 Xfone Ltd., failed to make the required payment due on October 31, 2020, under their sharing network agreement. The company has demanded immediate payment and will take measures to enforce its rights. Currently, Cellcom cannot assess the impact of this situation on its financial results. The network sharing agreements are significant to the company's revenue, as detailed in its 2019 annual report.
Cellcom Israel Ltd. (NYSE: CEL) will release its financial results for Q3 2020 on November 23, 2020. A conference call will take place at 9:00 am Eastern Time to discuss the results, with management available for questions. Interested participants can join via various dial-in numbers, including US: 1-888-642-5032 and International: +972-3-918-0609. The call will be broadcast live on the company's investor relations website, where a replay will also be available afterward.
On October 15, 2020, Cellcom Israel Ltd. (NYSE: CEL) reported that the Ministry of Communications has approved the appointment of receivers for shares of its indirect controlling shareholder, Discount Investment Corporation Ltd. (DIC). These shares represent approximately 70% of DIC's capital. Additionally, a court has approved the appointment of permanent receivers and a temporary receiver for another 12% of DIC's shares. The receivers will also publish an invitation for offers to purchase the pledged shares. The company will continue to update on material developments.
Cellcom Israel Ltd. (NYSE: CEL) announced the appointment of Ilan Sigal as VP of business development and CEO of Golan Telecom, effective February 1, 2021. Sigal brings extensive experience, having previously served as VP marketing at Pelephone and held key marketing roles at Bezeq International. As of June 30, 2020, Cellcom had approximately 2.734 million cellular subscribers, providing a variety of services including cellular telephony, internet connectivity, and OTT TV services. This leadership change aims to strengthen the company's strategic direction and business growth.
Cellcom Israel Ltd. (NYSE: CEL) announced court actions regarding its indirect controlling shareholder, Discount Investment Corporation Ltd. (DIC). Debenture holders of IDB Development Corporation Ltd. filed motions for the appointment of a receiver for DIC's pledged shares to enforce debt repayment. The court appointed temporary receivers for these shares, and further actions await Ministry of Communications’ approval. Additionally, an order for IDB's liquidation has been granted. Cellcom Israel, a leading communications provider, serves approximately 2.734 million cellular subscribers as of June 30, 2020.
Cellcom Israel Ltd. (NYSE: CEL) announced that its controlling shareholder, Discount Investment Corporation Ltd. (DIC), faces immediate repayment demands from debenture holders of IDB Development Corporation Ltd. DIC is pledging its shares to IDB debenture holders and seeking court intervention to enforce these pledges. This situation arises under the Israeli Bankruptcy and Economic Rehabilitation Law, 2018. Potential impacts on Cellcom may involve challenges in capital access and operational continuity depending on the outcomes of the ongoing legal motions.
Cellcom Israel Ltd. (NYSE: CEL) announced an investment transaction with Hot Telecommunication Systems Ltd. to enhance IBC Israel Broadband's fiber-optic network. Under the agreement, Hot will become an equal partner in the IBC Partnership, indirectly holding 23.3% of IBC's share capital. This partnership aims for substantial network deployment over the coming years. The completion is subject to regulatory approvals. Additionally, IBC will continue purchasing services from Cellcom. These developments highlight Cellcom's strategic positioning within the telecommunications market.
Cellcom Israel Ltd. (NYSE: CEL) has appointed Shai Amsalem as CFO, effective September 13, 2020, along with Eran Shenar and Diana Elsztein-Dan as Board members from September 14, 2020. Amsalem previously served as CFO at Golan Telecom and has an extensive background in finance. Shenar, nominated by employees, brings experience as a business consultant. Elsztain-Dan has held several directorships and is linked to the company’s controlling shareholder. These leadership changes may provide new strategic directions for Cellcom, affecting its operational and financial outlook.
