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Last $3.82 USD
Change Today -0.15 / -3.78%
Volume 395.3K
CEL On Other Exchanges
Symbol
Exchange
New York
Berlin
Tel Aviv
As of 7:34 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

cellcom israel ltd (CEL) Key Developments

Cellcom Israel Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Cellcom Israel Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of ILS 1,062 million against ILS 1,130 million a year ago. Operating profit was ILS 55 million against ILS 185 million a year ago. Profit before taxes on income was ILS 37 million against ILS 158 million a year ago. Profit for the period was ILS 26 million against ILS 114 million a year ago. Profit for the period attributable to owners of the company was ILS 25 million or ILS 0.25 per diluted share against ILS 114 million or ILS 1.14 per diluted share a year ago. Net cash from operating activities was ILS 169 million against ILS 453 million a year ago. Acquisition of property, plant, and equipment was ILS 76 million against ILS 64 million a year ago. Acquisition of intangible assets was ILS 20 million against ILS 25 million a year ago. EBITDA was ILS 196 million against ILS 340 million a year ago. Net debt stands at ILS 2.9 billion compared with net debt of ILS 3.6 billion at the end of the same quarter last year. Free cash flow totaled ILS 127 million compared to ILS 366 million in the first quarter last year, a decrease of 65.3%.

Purported Class Action Lawsuit Files Against Cellcom Israel Ltd

Cellcom Israel Ltd. announced that a purported class action was filed against the company, alleging that the company, in violation of its license, discriminates between its cellular customers (including between new and existing customers), by offering similar customers different prices. The total amount claimed from the company, if the lawsuit is certified as a class action, is not estimated by plaintiffs at this time. At this preliminary stage, the company is unable to assess the lawsuit's chances of success.

Cellcom Israel Ltd. Enters into Loan Agreement

Cellcom Israel Ltd. announced entering into a loan agreement with two Israeli financial institutions, or Lenders, according to which the Lenders have agreed, subject to certain customary conditions, to provide the company two deferred loans for the total principal amount of NIS 400 million, unlinked, as follows: A principal amount of NIS 200 million will be provided to the company in June 2016, and will bear an annual fixed interest of 4.6%. The loan's principal amount will be payable in four equal annual payments on June 30 of each of the years 2018 through 2021 (inclusive); A principal amount of NIS 200 million will be provided to the company in June 2017, and will bear an annual fixed interest of 5.1%. The loan's principal amount will be payable in four equal annual payments on June 30 of each of the years 2019 through 2022 (inclusive). Under the agreement, the interest rate may be subject to certain adjustments. Until the provision of the loans, the company is required to pay the Lenders a commitment fee. The company may cancel or prepay one or both loans, subject to a certain cancelation fee or prepayment fee, as applicable. The agreement includes standard terms and obligations and also generally includes the negative pledge, limitations on distributions, events of default and financial covenants applicable to the company's series F through I debentures.

Cellcom Israel Ltd. to Report Q1, 2015 Results on May 14, 2015

Cellcom Israel Ltd. announced that they will report Q1, 2015 results at 10:00 AM, US Eastern Standard Time on May 14, 2015

Cellcom Israel Ltd., Q1 2015 Earnings Call, May 14, 2015

Cellcom Israel Ltd., Q1 2015 Earnings Call, May 14, 2015

 

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CEL Competitors

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Company Last Change
Bezeq The Israeli Telecommunication Corp Ltd 643.00 +2.90
National Mobile Telecommunications Co KSC 1,200 +20.00
Palestine Telecommunications Co Ltd 5.35 JOD -0.02
Partner Communications Co Ltd 1,046 -3.00
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