CEL Stock Price, News & Analysis

Cellcom Israel Ltd. (CEL) is described as an Israeli communications group that provides communications services. According to the company, it was established in 1994 and operates as a cellular provider offering services to its subscribers. The company is classified in the Wireless Telecommunications Carriers (except Satellite) industry within the broader information and communications sector.

Cellcom Israel states that it provides cellular telephony and related services, including roaming, messaging, and data services, supported by its own infrastructure and networks. The company notes that it operates networks that enable high-speed broadband and multimedia services. In addition to cellular services, Cellcom Israel reports that it offers over-the-top (OTT) TV services, internet infrastructure and connectivity services, international calling services, and landline telephone services in Israel.

The company’s shares are identified with the symbol CEL and are referenced in public announcements as being traded on the Tel Aviv Stock Exchange (TASE). The company also refers to itself as a communications group, reflecting its involvement in multiple communications service categories, including mobile, fixed-line, internet, and TV-related offerings.

Corporate governance and shareholder meetings

Cellcom Israel regularly publishes announcements regarding general meetings of shareholders. These include annual, special, and extraordinary general meetings convened in Netanya, Israel. The agendas described in these announcements typically cover topics such as:

• Discussion of audited annual financial statements and the board of directors’ report for the prior financial year.
• Appointment or reappointment of the company’s independent auditors.
• Appointment or reappointment of directors and external directors.
• Approval or update of the company’s compensation policy for officers.
• Approval of terms of office and employment for the company’s chief executive officer.
• Approval of one-time special grants for the CEO.
• Approval of indemnity and exemption letters for office holders, including directors.
• Modifications to the company’s Articles of Association.

The announcements describe detailed voting procedures for shareholders, including record dates, the use of voting cards, and the possibility for unregistered shareholders to vote through an electronic voting system. They also explain how ownership certificates and identification documents must be delivered in advance of the meeting.

Regulatory reporting and SEC status

In a public announcement dated February 9, 2022, Cellcom Israel stated that it intended to terminate the registration of its ordinary shares and its reporting obligations under Section 15(d) of the U.S. Securities Exchange Act of 1934 with the U.S. Securities and Exchange Commission (SEC). The company reported that it intended to file Form 15F for this purpose and that, upon filing, its reporting obligations with the SEC would be suspended immediately. It further stated that termination of registration and reporting obligations was expected to become effective no later than 90 days after filing, assuming no objections from the SEC.

In that same announcement, Cellcom Israel indicated that it would continue to publish reports posted on the Israeli Securities Authority’s Magna site on its own investor information platform in English, in accordance with Rule 12g3-2(b) under the Exchange Act.

Service channels and infrastructure

Cellcom Israel reports that it operates technologically advanced infrastructure to support its cellular and broadband services. The company describes offering a range of mobile-related services, including telephony, roaming, text and multimedia messaging, data services, and value-added services in areas such as mobile office and data protection. It also notes that it provides customer service on a nationwide basis in Israel, including telephone customer service, retail stores, and service and sales centers.

Beyond mobile, the company states that it provides OTT TV services, internet infrastructure and connectivity, international calling, and landline telephone services in Israel. These activities place Cellcom Israel within the broader communications and telecommunications ecosystem, encompassing wireless and fixed-line connectivity as well as content delivery through OTT TV.

Investor and shareholder information

Cellcom Israel’s public announcements include contact details for its chief financial officer and investor relations, and they refer investors to regulatory information published on the Israeli Securities Authority’s Magna distribution website and the Tel Aviv Stock Exchange’s information platform. The company’s communications emphasize formal shareholder participation through general meetings and detailed voting instructions for both registered and unregistered shareholders, including those whose holdings are recorded through the TASE clearinghouse or through members of the Depositary Trust Company (DTC) and the company’s U.S. transfer agent.

Through these recurring disclosures, Cellcom Israel presents itself as a communications group focused on cellular and related communications services in Israel, with a corporate governance framework that includes regular shareholder meetings, auditor appointments, director elections, and compensation and governance policy approvals.