CELLCOM
ISRAEL ANNOUNCES A PURPORTED CLASS ACTION FILED AGAINST THE
COMPANY
Netanya, Israel – March 11, 2008 Cellcom
Israel Ltd. (NYSE: CEL), announced that on March 10, 2008, it was served with a
purported class action lawsuit which was filed against the Company, in the
District Court of Central Region, by plaintiffs claiming to be subscribers of
the Company. The plaintiffs claim that the Company unlawfully charged its
subscribers for providing them with call details records.
If the
lawsuit is certified as a class action, the total amount claimed from the
Company is estimated by the plaintiffs to be approximately NIS 440
million.
At this
preliminary stage, the Company is unable to assess the lawsuit's chances of
success.
About Cellcom
Israel
Cellcom
Israel Ltd., established in 1994, is the leading Israeli cellular provider;
Cellcom Israel provides its 3 million subscribers 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. The Company operates an HSPA 3.5
Generation network enabling the fastest high speed content transmission
available in the world, in addition to GSM/GPRS/EDGE and TDMA 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 its customers technical support, account information,
direct to the door parcel services, internet and fax services, dedicated centers
for the hearing impaired, etc. In April 2006 Cellcom Israel, through Cellcom
Fixed Line Communications L.P., a limited partnership wholly-owned by Cellcom
Israel, became the first cellular operator to be granted a special general
license for the provision of 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://investors.ircellcom.co.il
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Company
Contact
Shiri
Israeli
Investor
Relations Coordinator
investors@cellcom.co.il
Tel:
+972 52 998 9755
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Investor Relations
Contact
Ehud
Helft / Ed Job
CCGK
Investor Relations
info@gkir.com
/ ed.job@ccgir.com
Tel:
(US) 1 866 704 6710 / 1 646 213
1914
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