Cellcom Israel Announces Preliminary Results for the Fourth Quarter of 2012

 Cellcom Israel Announces Preliminary Results for the Fourth Quarter of 2012

PR Newswire

NETANYA, Israel, February 7, 2013

NETANYA, Israel, February 7, 2013 /PRNewswire/ --

Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today its
preliminary (unaudited) results for the fourth quarter of 2012. The Company
provides its preliminary results at the request of its controlling
shareholder. The expected results are presented below. The expected results
reflect the previously reported trends, including the heightened competition
and material price erosion, as well as the Company's efficiency measures.
These trends are expected to further adversely affect the Company's results
of operations in Q1/2013 compared to Q4/2012. The Company will continue to
implement efficiency measures in an effort to mitigate such effects. The
Company will publish its 2012 annual report and full and final financial
results for the full year 2012 (audited) and for the fourth quarter 2012 at
the beginning of March 2013.

                           Q4/2012 preliminary results
                                (in NIS millions)

    Revenues                       1,370-1,390
    Revenues from services         1,040-1,050
    Net income                       100-115
    EBITDA*                          360-375
    FCF**                              288

*EBITDA is a non-IFRS measure and is defined as income before financing income
(expenses), net; other income (expenses), net; income tax; depreciation and
amortization and share based payments. This is an accepted measure in the
communications industry.

**Free cash flow is a non-IFRS measure and is defined as the net cash provided
by operating activities minus the net cash used in investing activities
excluding short-term investment in tradable debentures and deposits and
proceeds from sales of such debentures (including interest received in
relation to such debentures) and deposits.

For additional details regarding the Company's usage of non-IFRS financial
measures see the Company's current report on the Company's results of
operations in the third quarter 2012, on Form 6-K filed on November 13,
2012, under the same title.

Forward looking statements

The information included in this press release contains, or may be deemed to
contain, forward-looking statements (as defined in the U.S. Private Securities
Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Said
forward-looking statements, relating to the Company's expected results for
Q4/2012 and expectations as to trends in 2013, are subject to uncertainties
and assumptions. In particular, the Q4/2012 final results of operations are
currently still in the processing stage, and are subject to completion and
their audit by our independent auditors and any unexpected events which might
affect such results, and could change. Our results for 2013 are subject to the
risks identified in our most recent annual report on Form 20-F filed on March
7, 2012, under Item 3.D. "Risk Factors" and any unexpected events which might
affect such results. These factors could lead to materially different results
than that set forth above.

About Cellcom Israel

Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular
provider; Cellcom Israel provides its approximately 3.338 million subscribers
(as at September 30, 2012) 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 advanced high speed broadband multimedia services, in addition to
GSM/GPRS/EDGE 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 technical support,
account information, direct to the door parcel delivery services, internet and
fax services, dedicated centers for hearing impaired, etc. Cellcom Israel
further provides through its wholly owned subsidiaries internet connectivity
services and international calling services, as well as 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://www.cellcom.co.il

Company Contact
Yaacov Heen
Chief Financial Officer
Tel: +972-52-998-9755

Investor Relations Contact
Porat Saar
CCG Investor Relations Israel & US
Tel: +1-646-233-2161

SOURCE Cellcom Israel Ltd.
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