Welcome to our dedicated page for CEL news (Ticker: CEL), a resource for investors and traders seeking the latest updates and insights on CEL stock.
Cellcom Israel Ltd. (CEL) is a leading telecommunications provider delivering mobile, broadband, and digital network services across Israel. This page aggregates official company announcements, press releases, and market developments to keep stakeholders informed about strategic initiatives and operational updates.
Investors and industry observers will find timely updates on earnings reports, infrastructure investments, technology deployments, and regulatory developments. Our curated feed focuses on verified corporate communications while maintaining strict editorial neutrality.
The news collection includes:
- Quarterly financial results and shareholder meeting details
- Network expansion announcements and 5G deployment progress
- Strategic partnerships and service innovations
- Regulatory filings and compliance updates
Bookmark this page for direct access to CEL's official communications and market-moving developments in Israel's telecommunications sector. Check regularly for updates that may impact investment decisions or industry analysis.
Cellcom Israel Ltd. (NYSE: CEL) has appointed Shai Amsalem as CFO, effective September 13, 2020, along with Eran Shenar and Diana Elsztein-Dan as Board members from September 14, 2020. Amsalem previously served as CFO at Golan Telecom and has an extensive background in finance. Shenar, nominated by employees, brings experience as a business consultant. Elsztain-Dan has held several directorships and is linked to the company’s controlling shareholder. These leadership changes may provide new strategic directions for Cellcom, affecting its operational and financial outlook.
Cellcom Israel Ltd. (NYSE: CEL) has successfully completed the acquisition of Golan Telecom's entire share capital for approximately NIS 545 million, subject to adjustments based on Golan's cash position and debts. This transaction follows the approval from the Israeli Competition Authority and the Ministry of Communications. Golan's license has been converted to an MVNO for an interim phase, pending a financial dispute regarding benefits received from the Ministry. This acquisition could enhance Cellcom's market position and service offerings in Israel.
Cellcom Israel Ltd. (NYSE: CEL) announced that the Israeli Ministry of Communications has approved the purchase of Golan Telecom, following a binding memorandum of understanding and prior approval from the Israeli Competition Authority. The transaction is subject to certain conditions that Cellcom is currently evaluating. This acquisition could enhance Cellcom's position in the competitive Israeli telecommunications market, aiming to expand its customer base and service offerings.
Cellcom Israel Ltd. (NYSE: CEL) held its Annual General Meeting of Shareholders on August 12, 2020, where all agenda items were approved by shareholders. The announcement confirms the company's governance and shareholder engagement.
For detailed information, refer to the Proxy Statement filed on Form 6-K dated June 16, 2020, and amended in the Form 6-K report on July 27, 2020.
Cellcom Israel Ltd. (NYSE: CEL) announced the release date for its second-quarter 2020 financial results, scheduled for August 17, 2020. A conference call will be held at 10:00 am EDT to discuss the results, during which management will provide insights and respond to questions. Cellcom is Israel's largest cellular provider, serving approximately 2.747 million subscribers as of March 31, 2020, offering a variety of communication services, including cellular telephony and OTT TV services.
Cellcom Israel Ltd. (NYSE: CEL) has announced amendments to its compensation policy and indemnification provisions, which are subject to shareholder approval at the postponed annual general meeting now scheduled for August 12, 2020. Key changes include the exclusion of personal interest transactions from liability exemptions for office holders and a cap on indemnification payments, limited to 25% of the company’s shareholders' equity. This meeting will also approve the introduction of performance objectives tied to the granting of restricted share units to executives. The original meeting date was July 27, 2020.
Cellcom Israel Ltd. (NYSE: CEL) announced that the Israeli Ministry of Communications informed the company that it does not foresee any reasons to prevent its acquisition of Golan Telecom, pending specific conditions to be approved. This development follows a binding memorandum of understanding previously announced and the approval by the Israeli Competition Authority. The transaction execution remains subject to MOC's final conditions, which are yet to be met.
Cellcom Israel Ltd. (NYSE: CEL) will hold its Annual General Meeting on July 27, 2020, at 4:00 p.m. Israel time. The record date is June 25, 2020. Key agenda items include the re-election of directors, re-approval of the Compensation Policy, and the appointment of independent auditors. A quorum requires at least one-third of shareholders to be present. Voting on most items requires a majority of the shares present, with specific conditions for certain proposals. Proxy materials will be sent to shareholders by June 30, 2020.
Cellcom Israel Ltd. (NYSE: CEL) announced the granting of approximately 4.03 million options under its 2015 Share Incentive Plan to senior employees. The options will vest in three equal installments over three years with varying exercise prices: NIS 13.16 for the first, NIS 14.21 for the second, and NIS 15.40 for the third. The first installment can be exercised within 18 months post-vesting, while the second and third can be exercised within 12 months. The company filed its annual report on March 23, 2020, detailing this incentive plan.
On June 16, 2020, Cellcom Israel Ltd. (NYSE: CEL) announced the resignation of Mr. Samy Bakalash as a director, following his appointment as CEO of the Israeli Parliament. This change comes amidst Cellcom's ongoing operations as the largest cellular provider in Israel, with approximately 2.747 million subscribers as of March 31, 2020. The company offers extensive telecommunication services, including advanced cellular content, OTT TV, and international calling services. The full implications of this leadership change are yet to be assessed.
