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Stock Market & Financial Investment News

News Breaks
May 27, 2013
10:39 EDTCELCellcom Israel announces approval of a settlement agreement in a class action
Cellcom Israel announced the Israeli Supreme Court approved a settlement agreement executed and reported in May 2012. The settlement agreement related to 1.a lawsuit approved as a class action in November 2010, (and appealed to the Israeli supreme Court, against 013 Netvision, or Netvision, a wholly owned subsidiary of the company, and two other long distance operators, for a total claimed amount of approximately NIS 2.2B, of which approximately NIS 818M was attributed to Netvision, and 2. a purported class action filed against the same defendants in February 2012, for an amount of approximately NIS 2.7B claimed from each of the defendants. The plaintiffs in both the class action and the purported class action alleged that the defendants misled the purchasers of certain long distance prepaid calling cards as to the amount of minutes included in those cards. Under the settlement agreement, Netvision and another defendant will provide certain long distance prepaid calling cards, free of charge, for an aggregate amount which is not material to the company, and will further provide certain information in relation to the usage of the cards. The third defendant is not a party to the settlement agreement.
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August 19, 2014
09:30 EDTCELCellcom Israel announces hearing regarding call centers services
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August 17, 2014
13:05 EDTCELCellcom Israel to sell around 0.93% of issued share capital by option holders
Cellcom Israel announced that employees and members of senior management of the company have entered into agreements to sell an aggregate of 933,348 shares of the company, constituting approximately 0.93% of the company's issued share capital, to financial institutions. The shares had been issued by the company to such employees and senior management upon their exercise of vested options granted by the company under its 2006 Share Incentive Plan. The sale is scheduled to be completed today. The company understands that the purchasers intend to place such shares for sale outside the United States to non-US investors.The shares have not been and will not be registered under the U.S. Securities Act of 1933. Accordingly, the shares may not be offered or sold in the United States or to, or for the account or benefit of, a U.S. person.
August 14, 2014
05:18 EDTCELCellcom says Israel published hearing on roaming services
Cellcom Israel announced that the Israeli Ministry of Communications published a hearing regarding roaming services provided to subscribers while abroad. The hearing proposes, in order to increase competition and reduce roaming payments by subscribers, among others, to allow other Israeli telecommunication operators, including other cellular operators, mobile virtual network operators, international calls operators and landline operators to offer roaming services to a cellular subscriber of another cellular operator, while abroad, using the subscriber's usual cellular number as well as change the way payments to roaming services are calculated, such as by requiring a 1 second unit or 1 KB unit for billing of roaming services while abroad and not charging for certain intervals of the call. Cellcom said it is studying the hearing and "at this time cannot evaluate the extent of its effects on the Company, if adopted as proposed."
August 11, 2014
05:29 EDTCELCellcom Israel did not declare Q2 dividend
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05:26 EDTCELCellcom Israel reports Q2 EPS 23c vs. 19c last year
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