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Last 2,560
Change Today 0.00 / 0.00%
Volume 0.0
As of 10:24 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

cellcom israel ltd (CEL) Snapshot

Open
$2,820
Previous Close
$2,685
Day High
$2,910
Day Low
$2,560
52 Week High
09/10/14 - $4,450
52 Week Low
07/9/15 - $1,361
Market Cap
2.6B
Average Volume 10 Days
609.8K
EPS TTM
$1.94
Shares Outstanding
100.6M
EX-Date
11/27/13
P/E TM
13.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CELLCOM ISRAEL LTD (CEL)

cellcom israel ltd (CEL) Related Businessweek News

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cellcom israel ltd (CEL) Details

Cellcom Israel Ltd. provides cellular communications services in Israel. It operates through two segments, Cellcom and Netvision. The company offers basic cellular telephony services, such as voice mail, cellular fax, call waiting, call forwarding, caller identification, conference calling, and outbound roaming services. It also provides value-added services comprising SMS and MMS services; cloud backup content services, including music downloads and Cellcom TV application; and Internet surfing packages. In addition, the company sells handsets, modems, tablets, and laptops, as well as offers handsets warranty and repair services. Further, it offers landline telephony, transmission, and data services through approximately 1,750 kilometers of inland fiber-optic infrastructure and complementary microwave links to selected business customers. Additionally, the company provides Internet connectivity and related services; telephony services consisting of international calling services, operator services, teleconferencing services, and landline telephony services; and Internet applications, cloud services, and data security products. As of December 31, 2014, it had approximately 2.967 million cellular subscribers. The company was founded in 1994 and is headquartered in Netanya, Israel.

3,921 Employees
Last Reported Date: 03/16/15
Founded in 1994

cellcom israel ltd (CEL) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 3.5M
Vice President of Legal Affairs and Corporate...
Total Annual Compensation: 1.4M
Vice President of Sales & Service
Total Annual Compensation: 1.4M
Compensation as of Fiscal Year 2013.

cellcom israel ltd (CEL) Key Developments

Cellcom Israel Ltd. Enters into Loan Agreement with Israeli Bank

Cellcom Israel Ltd. announced entering into a loan agreement with an Israeli bank, or Lender, according to which the Lender has agreed, subject to certain customary conditions, to provide the company a deferred loan in a principal amount of NIS 140 million, unlinked, which will be provided to the company in December 2016, and will bear an annual fixed interest of 4.9%. The loan's principal amount will be payable in five equal annual payments on June 30 of each of the years 2018 through 2022 (inclusive). Under the Agreement, the interest rate may be subject to certain adjustments. Until the provision of the loan, the company is required to pay the Lender a commitment fee and if it doesn't take the loan - a certain agreed compensation. The Company may take the loan earlier, in which case the repayment shall be earlier and can prepay the loan, subject to a prepayment fee. The agreement also includes certain events which if not approved by the Lender allow the Lender to notify the company of an acceleration of the repayment of the loan.

Cellcom Israel Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Cellcom Israel Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the six months, the company reported revenues of ILS 2,102 million against ILS 2,288 million a year ago. Operating profit was ILS 135 million against ILS 341 million a year ago. Profit before taxes on income was ILS 55 million against ILS 250 million a year ago. Profit for the period attributable to owners of the company was ILS 37 million or ILS 0.37 basic and diluted per share against ILS 193 million or ILS 1.91 diluted per share a year ago. Net cash from operating activities was ILS 417 million against ILS 894 million a year ago. Acquisition of property, plant and equipment was ILS 162 million against ILS 127 million a year ago. Acquisition of intangible assets was ILS 59 million against ILS 44 million a year ago. The decrease in revenues is attributed to a 14.8% decrease in service revenues, which totaled ILS 786 million ($209 million) in the second quarter of 2015 as compared to ILS 923 million ($245 million) in the second quarter last year. For the quarter, the company reported revenues of ILS 1,040 million against ILS 1,158 million a year ago. Operating profit was ILS 80 million against ILS 156 million a year ago. Profit before taxes on income was ILS 18 million against ILS 92 million a year ago. Profit for the period attributable to owners of the company was ILS 12 million or ILS 0.12 basic and diluted per share against ILS 79 million or ILS 0.78 diluted per share a year ago. Net cash from operating activities was ILS 248 million against ILS 441 million a year ago. Acquisition of property, plant and equipment was ILS 86 million against ILS 63 million a year ago. Acquisition of intangible assets was ILS 39 million against ILS 19 million a year ago. EBITDA was ILS 216 million against ILS 314 million a year ago. Free cash flow was ILS 119 million against ILS 361 million a year ago. The decrease in revenues is attributed to a 14.8% decrease in service revenues. Operating income was affected by a one-time expense for voluntary employee retirement plan and a decrease in revenues primarily due to the ongoing erosion in service revenues. This decrease in net income is mainly due to the continued erosion in cellular service revenues resulting from the intensified competition in the cellular market that was partially offset by a decrease in operational expenses. The decrease in free cash flow was mainly due to a decrease in proceeds from customers due to the decrease in revenues, resulting from the intensified competition in the cellular market as well as a decrease from proceeds from handsets sold in previous years.

Cellcom Israel Ltd. to Report Q2, 2015 Results on Aug 13, 2015

Cellcom Israel Ltd. announced that they will report Q2, 2015 results at 9:00 AM, Israel Standard Time on Aug 13, 2015

 

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CEL:IT 2,560.00 0.00

CEL Competitors

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Company Last Change
Bezeq The Israeli Telecommunication Corp Ltd 720.00 0.00
National Mobile Telecommunications Co KSC 1,100 -60.00
Palestine Telecommunications Co Ltd 5.42 JOD -0.02
Partner Communications Co Ltd 1,724 0.00
View Industry Companies
 

Industry Analysis

CEL

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Price/Earnings -- Not Meaningful
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