Cellcom Israel Reviewing Possibile Purchase of Golan Telecom

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Cellcom Israel Ltd.
CEL
announced today that although the company is not required to report this information, the Company's controlling shareholder will report this information under its Israeli reporting obligations and therefore the Company is publishing this press release regarding its intention to review the possible purchase of holdings in, or assets of, Golan Telecom Ltd., or 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. For additional details regarding the Company's agreements with Golan Telecom Ltd. and the competitive environment in which we operate see the Company's most recent annual report for the year ended December 31, 2014 on Form 20-F, filed on March 16, 2015, under "Item 3. Key Information - D. Risk Factors
See full press release
Posted In: NewsM&APress Releases
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