Cellcom Israel Announces Network and Site Sharing Agreements with Pelephone Communications, Golan Telecom

Cellcom Israel

announced today it has entered an agreement with Pelephone Communications Ltd. ("Pelephone"), and Golan Telecom Ltd. ("Golan") (both Israeli cellular operators), for the construction and operation of a shared 4G radio network, an agreement with Pelephone for the sharing of passive elements of cell sites for existing networks and an Indefeasible Right of Use ("IRU") agreement with Golan, regarding the Company's 2G and 3G radio networks.  Nir Sztern, the company's CEO said: "The Israeli cellular market will face continued challenges in the coming years to deliver the demand growth for cellular data. The agreements will enable multiple players the ability to compete and offer cutting edge services while investing in infrastructure. The network sharing agreements will help reduce the number of cell sites and the reduced cost will help maintain competition to the benefit of the Israeli consumer."