Cellcom Israel Ltd. Announces Receiving a Petition in Regards to Airtime Charging Units in Calling Plans.
NETANYA, Israel, December 6 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. , announced that on December 3, 2007, the Company was served with a petition which was filed with the Israeli High Court of Justice. The petition was filed against the Israeli Minister of Communications, the Director General and the General Counsel of the Ministry of Communications office and another cellular operator. The Company and one other cellular operator were joined as formal respondents. The petition seeks to retroactively apply the amendment to the cellular operators' general license, effected September 2007, which prevents the cellular operators from offering subscribers calling plans using airtime charging units other than the basic airtime unit. Alternatively, the petition seeks to retroactively cancel any charges which may be imposed on subscribers when transferring, before the lapse of a predetermined period, to calling plans based on the basic airtime unit.
At this preliminary stage, the Company is unable to assess the petition's chances of success.
For additional details see our report on Form 6-K dated November 8, 2007 under "Other developments during third quarter and subsequent to balance sheet date - Change in Charging Units".
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 Value Added
The enhancement a company gives its product or service before offering the product to customers.
This can either increase the products price or value. 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 HSDPA (High Speed Downlink Packet Access) See 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 New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (CEL CEL Cellular
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Israel's only stock exchange. (CEL).
For additional information please visit the Company's website http://investors.ircellcom.co.il/
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