Cellcom Israel, Ltd.(CEL)- NYSE
  • Wed, Aug. 10, 1:34 PM
    • Cellcom Israel (NYSE:CEL) is up 3.7% after posting Q2 net income that more than tripled from a year ago in an environment of lower expenses.
    • Revenue shrank slightly, though. EBITDA rose 10% to 238M shekels (about $62M), beating an expected 219M shekels. EBITDA margin rose to 23.1%.
    • Revenue by segment: Cellular, NIS784M (down 3.2%); Fixed-line, NIS294M (up 4.6%).
    • The cellular subscriber base came to about 2.812M subscribers by quarter's end. TV customer base increased by 12,000 households to bring that total to 87,000.
    • Free cash flow was 103M shekels (about $27M), down 13.4%.
    • Earnings slides
    • Call transcript
    • Press Release
    | Wed, Aug. 10, 1:34 PM
  • Thu, Jul. 21, 10:36 AM
    • Cellcom Israel (NYSE:CEL) has taken a sharp turn into the red in U.S. trading, down 1%, following news that it got a temporary injunction it sought in the quest to acquire Golan Telecom.
    • The injunction freezes an agreement signed by Golan Telecom and Hot Mobile, which Cellcom argued violated its agreement to acquire Golan.
    • Cellcom will deposit a bond of 200K shekels to cover damages in case the court rules for Golan.
    • Also today in Israel telecom: PTNR -2.5%; OTCPK:BZQIY -0.9%; BCOM -0.9%.
    | Thu, Jul. 21, 10:36 AM | 1 Comment
  • Tue, Jul. 12, 3:00 PM
    | Tue, Jul. 12, 3:00 PM | 2 Comments
  • Tue, Jul. 12, 9:43 AM
    • Israel has blocked a network sharing deal between Golan Telecom and cable provider Hot (OTCPK:ATCEY) over licensing issues. Telecom Market leader Cellcom (NYSE:CEL) has opened up to a 9.2% gain.
    • Earlier, Cellcom had announced it was taking legal action against Golan to the tune of 900M shekels (about $232M), charging that the hosting agreement between Hot and Golan violated Golan's own agreements with Cellcom.
    • Israel's Communications Ministry says Hot's license doesn't allow it to host other operators. Earlier this spring it had blocked Cellcom's own $300M offer to buy Golan, which has been piggybacking on Cellcom networks for service.
    • Meanwhile, Cellcom has separately announced a network sharing/hosting deal with Xfone, which has yet to enter the cellular market.
    | Tue, Jul. 12, 9:43 AM
  • Mon, Jun. 13, 3:20 PM
    | Mon, Jun. 13, 3:20 PM
  • Mon, May 23, 1:32 PM
    • Cellcom Israel (NYSE:CEL) is up 2.8% in U.S. trading after Q1 results where its net income more than doubled, though service sales declined.
    • EBITDA of 238M shekels (about $63M) was up 21.4% Y/Y (up 5.3% excluding a one-time expense). EBITDA margin grew to 23.3% from 18.5%. There was "continued erosion" in service revenues, though national roaming and TV services revenues grew.
    • Revenue breakout: Service revenues, 774M shekels (559M cellular, 264M fixed-line, -49M adjustments); Equipment revenues, 248M shekels (219M cellular, 29M fixed-line).
    • It added about 11,000 Cellcom TV households to bring that total to 75,000; cellular subscriber base was about 2.813M at quarter's end.
    • Free cash flow grew 17.3% to 149M shekels.
    • Press Release
    | Mon, May 23, 1:32 PM
  • Mon, May 16, 9:59 AM
    | Mon, May 16, 9:59 AM
  • Tue, Apr. 12, 11:03 AM
    • Cellcom Israel (NYSE:CEL) is off 1.6% after it got word that Israel's antitrust commissioner and Ministry of Communications are opposing its $300M offer to acquire Golan Telecom.
    • It hasn't received any details beyond that, the company says, but it will review options after it hears the arguments for those decisions.
    • The company had come to an agreement for a 1.17B-shekel transaction amid mixed signals from the government over whether it would pass competitive muster. In October, Israel's top communications minister said “I don’t see a problem with Cellcom, Partner or Bezeq buying Golan if they want," but other officials (including those in the finance ministry) opposed a deal to acquire the low-cost provider.
    • Now read 2016 Might Be A Good Time To Invest In Israel »
    | Tue, Apr. 12, 11:03 AM
  • Mon, Mar. 28, 10:16 AM
    • Cellcom Israel (CEL +2.1%) says Israel's antitrust commissioner has told the company it may oppose its $300M deal to buy Golan Telecom.
    • The regulator has summoned Cellcom to a hearing to determine whether modifications can be made to address the current layout of the deal.
    • When the company announced the deal in November, it was against the backdrop of mixed signals from Israel's government about consolidating the market. Ministry of Communications chief Shlomo Filber had said "I don’t see a problem with Cellcom, Partner or Bezeq buying Golan if they want ... The market will continue to be competitive even with four main players and other niche players."
    • That was followed by other ministers who stated they might opposed consolidation.
    • Previously: Cellcom Israel announces $300M deal to buy Golan Telecom (Nov. 05 2015)
    | Mon, Mar. 28, 10:16 AM
  • Tue, Mar. 15, 9:27 AM
    • Cellcom Israel (NYSE:CEL) beat revenue expectations in its Q4 report despite a falloff of 8% overall.
    • Service revenues declined 9.3%, mitigated slightly by equipment sales. EBITDA, though, dropped more than 20% to NIS 225M (about $58M) but beat an expected NIS 222M.
    • Revenue breakout: Cellcom service, NIS 592M; Netvision service, NIS 205M; Cellcom equipment, NIS 232M; Netvision equipment, 57M.
    • It added about 3,000 net cellular subscribers for the quarter, but amid intense competition, cellular subs fell about 4.4% Y/Y to 2.835M.
    • Cellular churn rate was 11.1%, down from the previous 11.5%. Average revenue per user was NIS 63 (about $16), down from the previous NIS 67.8 (about $17.40). The full-year monthly ARPU was NIS 65, down from a previous NIS 72.
    • Updated 9:33 a.m.: Shares have come out of the open up 1.7%.
    • Conference call to come at 10 a.m. ET.
    • Press Release
    | Tue, Mar. 15, 9:27 AM
  • Tue, Feb. 16, 9:37 AM
    • Israeli telecom Partner Communications (NASDAQ:PTNR) is up 3.9% after cutting the last of its ties with Orange (ORAN +2.6%), rolling out a new brand and identity after eight months of transition following the companies' mid-2015 conflicts.
    • Partner will serve its services simply under the name Partner, with a logo that is now noticeably less orange -- changing to a turquoise color.
    • Partner CEO Isaac Benbenisti says the rebranding process has been long and expensive, but that the new Partner would be launching a TV service, a move to follow competitor Cellcom (CEL +2%) in reshaping itself into more of a telecoms group.
    • The companies came into conflict involving economic activity in Israeli settlements. Last June, amid talk in France of political boycotts of Israel, Orange chief Stephane Richard said he'd terminate the licensing agreement "tomorrow morning" if it were legal; he later apologized to Israel's prime minister, Benjamin Netanyahu.
    • Previously: Partner to launch new brand identity after separating from Orange (Feb. 04 2016)
    • Previously: Orange -1.1% as Israel's Partner ends brand license agreement (Jan. 05 2016)
    | Tue, Feb. 16, 9:37 AM
  • Mon, Jan. 25, 9:26 AM
    • Cellcom Israel (NYSE:CEL) is off 1.9% premarket as it says it's received a labor dispute announcement from the Histadrut, which represents its employees.
    • The union says Cellcom employees will be entitled to take organizational steps, including a strike, as of Feb. 7.
    • Cellcom says it rejects the claims made, and at this point it's unable to assess what the effects will be.
    | Mon, Jan. 25, 9:26 AM
  • Tue, Jan. 12, 9:29 AM
    • The CEO of Orange SA (NYSE:ORAN), up 4.5% premarket, says that a merger he's discussing with Bouygues Telecom (OTCPK:BOUYY) would have to "create value for Orange and boost investments in the French telecoms sector."
    • "I will not engage Orange in a risky deal," says Stephane Richard, adding that the deal wouldn't have a negative impact on consumers, and that he sees the negotiation wrapping up in weeks instead of months.
    • Orange is in talks to buy its rival for about €10B (around $10.9B) in cash and stock. The move would reduce France's mobile carriers from four to three and give the combination close to 50% market share in communications.
    • Whatever happens in the talks, Richard says, France will remain Orange's leading shareholder. The deal's needed, he believes, to stimulate infrastructure investment and keep France's telecoms competitive with European rivals.
    • An Orange subsidiary, Orange Cote d'Ivoire, has reached a deal to acquire 100% of the Liberian subsidiary of Cellcom (NYSE:CEL). Liberia has a population of 4.3M with a relatively low mobile penetration rate of 66%, and Cellcom's operation is the leader there.
    • Previously: France plans to remain key Orange shareholder, assess Bouygues talks (Jan. 06 2016)
    • Previously: Report: Talks moving forward on €10B Orange-Bouygues deal (Jan. 04 2016)
    | Tue, Jan. 12, 9:29 AM
  • Dec. 3, 2015, 9:45 AM
    • Israeli telecoms Cellcom Israel (CEL +2.7%) and Partner Communications (PTNR +1.5%) are both acknowledging receipts of lawsuits seeking class-action status, including one seeking 13B shekels total ($3.37B) from both operators.
    • The largest suit alleges that three defendants in Israel's cellular wireless industry unlawfully coordinated to ensure high prices for prepaid calling cards. An estimated 6.7B shekels ($1.74B) is claimed from Cellcom, while an estimated 6.6B shekels is claimed from Partner.
    • Meanwhile, Partner also received two other smaller claims: one regarding content blocking for ultra-orthodox customers (against Partner and another party, for 45M shekels total) and another claiming that Partner sold its database to Israel's government without consent, seeking about 24M shekels.
    • Those are above and beyond two other actions seeking class-action status filed against Partner and its 012 Smile subsidiary on Monday.
    | Dec. 3, 2015, 9:45 AM
  • Nov. 3, 2015, 10:01 AM
    • Cellcom Israel (CEL -2.7%) says the Israeli Supreme Court has dismissed an appeal of the dismissal with prejudice of a purported class action against the company.
    • The attempted class action was posted in November 2011, alleging that Cellcom raised tariffs for business customers unlawfully. After its dismissal, an appeal was filed to the Supreme Court in May 2014.
    • If the suit had been certified as a class action, Cellcom says, the total amount claimed by plaintiffs was expected to be hundreds of millions of shekels.
    | Nov. 3, 2015, 10:01 AM
  • Oct. 27, 2015, 11:52 AM
    • After a day of gains fueled by comments from Israel's top communications minister, the country's top telecoms are selling off today as other government officials signaled their opposition to consolidation.
    • Partner Communications (PTNR -3.3%) and Cellcom Israel (CEL -2.4%) were both lower after gaining more than 3.6% yesterday.
    • While the ministry's director general, Shlomo Filber, said yesterday that “I don’t see a problem with Cellcom, Partner or Bezeq buying Golan if they want," other government officials (including the finance ministry) oppose a Golan deal and Filber agreed to convey that opposition to Golan.
    • Partner said that most business was approved at its annual general meeting, including terms for CEO Isaac Benbenisti, board re-elections and compensation and the company's auditor, though shareholders voted down severance terms for former CEO Haim Romano.
    • Previously: Israeli telecoms rally as regulator suggests competition too heavy (Oct. 26 2015)
    | Oct. 27, 2015, 11:52 AM
Company Description
Cellcom Israel Ltd. engages in the provision of cellular communications services. It operates through two segments: Cellcom and Netvision. The Cellcom segment includes Cellcom Israel Ltd. and its subsidiaries. The Netvision segment includes Netvision Ltd. and its subsidiaries. The company offers... More
Sector: Technology
Industry: Wireless Communications
Country: United States