It is an Israel-based company which is engaged in the telecommunication sector. The company offers its customers a range of services which include cellular and landline telephony, roaming services for tourists in Israel and for its subscribers abroad and additional services in the areas of music, video and mobile office, among others. It also provides technical support, account information, direct to the door parcel delivery services, Internet and fax services and other related services through its subsidiaries. It is the leading Israeli cellular provider which provides its services approximately 3.199 million subscribers.
The company's shares are traded both on the New York Stock Exchange with the symbol of (NYSE:CEL) and the Tel Aviv Stock Exchange as (CEL). Cellcom Israel Ltd operates an HSPA 3.5 Generation network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks.
The company is Israel's third largest telecommunications company which was founded in 1994. It was also the first to market mobile phones with Hebrew language menus. The company's entry into the Israeli market caused a revolution in wireless services in the country as it offered service at rates which were a fraction of those charged by Pelephone, which until Cellcom's launch held a monopoly on cellular services in Israel. After an intensive investigation the cause was finally traced to a software bug in Motorola's Micro TAC Alpha Handsets- which were ubiquitous on its network on the time.
At the end of 2012, third quarter the company had around 3.4 million customers and the largest of the Israeli mobile provider in terms of customer base size. Its most of the active voice clients are on its GSM networks while data usage is spread across networks of different technologies.
On July 8, 2013 the company announced that Mr. Eliezer Ogman notified the Company of his resignation from office as the Company's chief technology officer, after 13 years of successful and extensive tenure. In upcoming weeks the company will announce his substitute. Mr. Ami Erel, the Company's chairman of the board of directors said Lipa is one of the Cellcom Israel's founding fathers, has built an excellent infrastructure system and has a substantial role in Cellcom Israel's successes in the past 19 years.
On July 13, 2013, Cellcom announced that Mr. Yaacov Heen notified the Company of his resignation from office as the Company's CFO, effective September 17, 2013 following the successful completion of the Cellcom Netvision operational merger and after 16 gratifying years with the Company in various positions.
On July 16, 2013 it announced that a purported class action field against the Company in December 201, regarding a network malfunction that occurred on December 1, 2010 was dismissed without prejudice, at the plaintiffs' request.
Israel is overlooked as an investment opportunity for investors. Cellcom Israel Ltd. is one of the top מניות הדיבידנד הטובות ביותר בישראל which can be a profitable investment for you. The company currently has market capitalization of 1.01 billion, and the dividend yield is 13.17% which is a good figure for investors.