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Stock Market & Financial Investment News

News Breaks
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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August 27, 2015
05:25 EDTCELCellcom Israel announces preliminary review of possibility to buy Golan Telecom
Cellcom Israel announced its intention to review the possible purchase of holdings in, or assets of, Golan Telecom, an Israeli mobile network operator and competitor of the company, following an invitation by Bank Rothschild, representing Golan Telecom's shareholders. There is no assurance that the company will make an offer to purchase Golan Telecom nor as to the execution of such a sale. Finally, the company can provide no assurances as to the impact of this sale, and any potential sale of holdings in, or assets of, Golan, on the parties' agreements or the competitive environment in the market.

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