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Cellcom Israel, Ltd. (CEL)

- NYSE
  • Mon, Mar. 16, 8:51 AM
    • Cellcom (NYSE:CEL) is up 3% premarket after beating revenue expectations in Q4 and growing net income nearly 23% Y/Y in 2014.
    • EBITDA of NIS 282M ($73M; down 15.8%) missed an expected NIS 315M. Operating income declined 22.9% to NIS 131M ($34M). Total revenue of NIS 1.14B beat an expected NIS 1.1B.
    • 2014 revenue by segment: Services, NIS 3.565B ($917M, down 10.5%); Equipment, NIS 1.005B ($258M, up 6.7%).
    • At year's end, about 2.967M cell subscribers (net decline of about 43K in Q4 and decline of 125K Y/Y). Cellular churn rate of 11.5% in Q4, up frrom 9.9%, and of 44% for 2014, up from 36.8% the prior year.
    • The company will take a one-time charge of about NIS 30M along with entering the TV field for the first time (Cellcom launched "Cellcom TV" over-the-top services at the end of 2014; it expects 20K customers by the end of Q1.)
    • Cellcom declined to issue a dividend for Q4 "given the intensified competition."
    • Conference call at 10 a.m. ET.
    • Press release
    | Comment!
  • Mon, Mar. 16, 6:01 AM
    • Cellcom Israel (NYSE:CEL): Q4 EPS of $0.13
    • Revenue of $293M (-5.8% Y/Y)
    • Shares +3.03% PM.
    • Press Release
    | Comment!
  • Nov. 12, 2014, 7:04 AM
    • Cellcom Israel (NYSE:CEL): Q3 EPS of $0.28
    • Revenue of $309M (-6.7% Y/Y)
    • Press Release
    | Comment!
  • Aug. 11, 2014, 6:28 AM
    • Cellcom Israel (NYSE:CEL): Q2 EPS of $0.23
    • Revenue of $337M (-6.3% Y/Y)
    • Press Release
    | Comment!
  • May. 14, 2014, 6:46 AM
    • Cellcom Israel (CEL): Q1 EPS of NIS1.14 beats by NIS0.16.
    • Revenue of NIS1.13B (-10.2% Y/Y) misses by NIS0.03B.
    • Press Release
    | Comment!
  • Mar. 6, 2014, 6:15 AM
    • Cellcom Israel (CEL): Q4 EPS of $0.29.
    • Revenue of $348M (+14.1% Y/Y).
    • Press Release
    | Comment!
  • Nov. 12, 2013, 5:46 AM
    • Cellcom Israel (CEL): Q3 EPS of NIS0.53.
    • Revenue of NIS1.22B (-15.5% Y/Y) misses by NIS0.01B. (PR)
    | Comment!
  • Aug. 19, 2013, 7:07 AM
    • Cellcom Israel (CEL): Q2 EPS of $0.18.
    • Revenue of $341.6M (+17.5% Y/Y) misses by $72.4M. (PR)
    | Comment!
  • Jul. 30, 2013, 10:13 AM
    • The carrier says its controlling shareholder (IDB Holding) has made it known Cellcom isn't for sale. Globes reported yesterday Golan Telecom is "seriously considering" a bid.
    • Cellcom's (CEL -3.4%) Q2 revenue fell to NIS1.22B-1.24B ($342M-$347M) from 1.498B. Service revenue fell to 990M-1.01B from 1.182B.
    • In spite of the revenue drops, free cash flow rose to NIS340M-345M from 284M.
    • ARPU rose slightly Q/Q to NIS77.5-79.5 from 75.9, but was still down sharply from last year's 90.3, as intense price competition continues taking a toll.
    | Comment!
  • May. 13, 2013, 1:32 PM
    Israeli carrier Cellcom (CEL -5%) dives after missing Q1 estimates, and takes rival Partner (PTNR -4.3%) down with it. An intense price war sparked by the arrival of 6 new carriers led Q1 revenue to fall 20.6% Y/Y, and the company's subscriber base to fall 5.7% Y/Y to 3.17M. The slump has led Cellcom to suspend its dividend. It expects revenue to fall again in Q2, albeit at a "more moderate rate than experienced in previous quarters." Meanwhile, financing costs are expected to rise, thanks to high inflation. SG&A spend fell 18% Y/Y in Q1, as Cellcom continues reaping synergies from its 2011 merger with NetVision. (transcript)
    | Comment!
  • May. 13, 2013, 6:26 AM
    Cellcom Israel (CEL): Q1 EPS of NIS0.67 misses by NIS0.56. Revenue of NIS1.25B. (PR)
    | Comment!
  • May. 13, 2013, 12:05 AM
    Notable earnings before Monday’s open: CEL, PERI, SSYS
    | Comment!
  • May. 12, 2013, 5:30 PM
    Notable earnings before Monday’s open: CEL, PERI, SSYS
    | 1 Comment
  • Mar. 4, 2013, 6:04 AM
    Cellcom Israel (CEL): Q4 EPS of $1.14 beats by $0.20. Revenue of $377M (-15.5% Y/Y). (PR)
    | Comment!
  • Mar. 4, 2013, 12:05 AM
    Notable earnings before Monday’s open: ARNA, BYD, CEL, SSYS, YGE
    | 2 Comments
  • Mar. 3, 2013, 5:30 PM
    Notable earnings before Monday’s open: ARNA, BYD, CEL, SSYS, YGE
    | Comment!
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Company Description
Cellcom Israel Ltd operates and maintains a cellular mobile telephone system and provides cellular and landline telecommunications services in Israel. It also provides internet services and international call services.