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Stock Market & Financial Investment News

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November 19, 2012
09:21 EDTCELCellcom Israel announces dismissal of purported class action
Cellcom Israel announced 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 4.2B, out of which NIS 2.1B was attributed to the company individually.
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April 17, 2014
13:36 EDTCELCellcom Israel to launch TV service by August, Globes says
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April 6, 2014
13:50 EDTCELCellcom Israel announce approval for change of indirect controlling shareholders
Cellcom Israel announced that following its previous reports in relation to the Israeli court's approval of a creditors' arrangement for IDB Holding Corporation, the company received the Ministry of Communications' approval for the indirect control in the company by the Elzstain - Extra group, led by Mr. Eduardo Elzstain and Mr. Mordechai Ben Moshe. Such change of control will occur if and when the creditors' arrangement is consummated.

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