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Stock Market & Financial Investment News

News Breaks
April 2, 2014
06:54 EDTCELCellcom Israel announces dismissal of purported class action
Cellcom Israel announced that further to the company's report dated November 2011 regarding a purported class action filed against the company alleging that the company raised tariffs for business customers unlawfully and in violation of its agreements with them, the purported class action was dismissed with prejudice. The total amount claimed from the company, had the lawsuit been certified as a class action, was estimated by the plaintiffs to be at least hundreds of millions of NIS.
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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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