Seeking Alpha

Cellcom prepping Israeli debt offering

  • Cellcom (CEL -0.8%) hasn't yet disclosed the offering's size or other terms.
  • The carrier ended Q1 with NIS3.6B ($1.15B) in net debt, down NIS1B Y/Y.
  • Globes has reported Cellcom plans to launch an Israeli pay-TV service in August, and (along with peer Pelephone) is in talks with American Tower to sell its mobile towers.
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