NETANYA, Israel, Feb. 1 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. (the "Company") announced today that in January 29, 2009, an appeal was filed with the Israeli Supreme Court against the dismissal of a purported class action against the Company (and another Israeli cellular operator) in December 2008. The purported class action was filed in the District Court of Tel-Aviv-Jaffa in December 2002, in connection with the defendants' incoming call tariff to subscribers of other operators when calling the subscribers of the defendants during the period preceding the regulation of interconnect fees.
If the claim is certified as a class action, the amount claimed from the Company is estimated by the plaintiff to be NIS 1.6 billion. The Company is studying the appeal and intends to defend its position.
For additional details see the Company's most recent annual report for the year ended December 31, 2007 on Form 20-F under "Item 8. Financial Information - A. Consolidated Statements and Other Financial Information - Legal Proceedings - Purported Class Actions."
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom Israel provides its approximately 3.157 million subscribers (as of September 30, 2008) with a broad range of value added 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 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 (CEL) and the Tel Aviv Stock Exchange (CEL).
For additional information please visit the Company's website http://investors.ircellcom.co.il/
Company Contact Investor Relations Contact
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Shiri Israeli Ehud Helft / Ed Job
Investor Relations Coordinator CCGK Investor Relations
