Cellcom Israel Announces Completion Date for Netvision Merger Transaction

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  Published in Science and Technology on Monday, August 29th 2011 at 3:21 GMT by Market Wire
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Cellcom Israel Announces Completion Date for Netvision Merger Transaction -- NETANYA, Israel, August 29, 2011 /PRNewswire/ --

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NETANYA, Israel, August 29, 2011 /PRNewswire/ --

Cellcom Israel Ltd. (NYSE: [ CEL ]) (the "Company") announced today that following previous reports regarding the proposed merger transaction between the Company, a wholly-owned subsidiary of the Company and Netvision, all required approvals for the merger, except for the Companies Registrar Merger Certificate have been obtained. The parties intend to complete the merger transaction on August 31, 2011, subject to the receipt of the Merger Certificate until such time.

For details on the proposed merger transaction with Netvision see the Company's current reports on Form 6-K filed on June 16, 2011 and July 28, 2011 under "Item 3 - Approval of merger between the Company's subsidiary and Netvision Ltd.", and on August 8, 2011 under "Other developments during the second quarter of 2011 and subsequent to the end of the reporting period - Netvision".

About Cellcom Israel

Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom Israel provides its approximately 3.366 million subscribers (as at June 30, 2011) 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 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. As of 2006, Cellcom Israel, through its wholly owned subsidiary Cellcom Fixed Line Communications L.P., provides 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
[ investors@cellcom.co.il ]
Tel: +972-52-998-9755

Investor Relations Contact
Porat Saar
CCG Investor Relations Israel& US
[ cellcom@ccgisrael.com ]
Tel: +1-646-233-2161

SOURCE Cellcom Israel Ltd.