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Cellcom Israel Announces 4G Frequencies Tender Published
NETANYA, Israel, July 2, 2014 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced that the Israel
Ministry of Communications published today a tender for 1800MHz frequencies, for 4G
technologies (such as LTE, LTE Advanced).
Participation in the tender is open for all current Mobile Network Operators and
Mobile Virtual Network Operators as well as other entities meeting certain conditions. The
bands will be awarded to the highest bids with a minimal bid of NIS10 million for each of
the 8 available 5MHZ frequency bands. New and small operators may receive up to 50%
discount, 10% discount for each 1% addition to their market share, obtained over the next
5 years. The tender conditions limit the number of bands for each operator and for a 4G
shared radio network and further limits the number of bands the Company and Partner
Communications Ltd., or Partner (which are already in possession of 1800MHz frequencies)
may purchase.
Following the network sharing policy previously reported, a draft license amendment
attached to the tender sets certain specific requirements for the approval of such
sharing. Should the draft amendment be adopted, the Company estimates it would have to
make certain amendments to the previously reported 4G network sharing agreement it entered
with Golan Telecom Ltd., or Golan Telecom, in order to increase Golan Telecom's economic
stake in the shared radio network.
The draft license amendment further sets coverage and quality requirements for the 4G
network.
The Company is studying the tender documents and at this time cannot evaluate its
implications on the Company.
For additional details see the Company's most recent annual report for the year ended
December 31, 2013 on Form 20-F, filed on March 6, 2014, under "Item 3. Key Information -
D. Risk Factors - Risks Related to our Business - We face intense competition in all
aspects of our business", "- We may be adversely affected by significant technological and
other changes in the cellular communications industry; network sharing agreements, if
approved, may have material adverse effects on our business" and "Item 4. Information on
The Company - B. Business Overview - Network and Technology - Network and Technology" and
"-Network and Cell Sites Sharing Agreements" and our current report regarding the
Company's results for the first quarter of 2014 on Form 6-K dated May 14, 2014 under "
Other developments during the first quarter of 2014 and subsequent to the end of the
reporting period - 4 Generation Network" and "- Network Sharing Agreements".
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider;
Cellcom Israel provides its approximately 3.049 million subscribers (as at March 31, 2014)
with a broad range of value added services including cellular and landline telephony,
roaming services for tourists in Israel and for its subscribers abroad and additional
services in the areas of music, video, mobile office etc., based on Cellcom Israel's
technologically advanced infrastructure. The Company operates an HSPA 3.5 Generation
network enabling advanced high speed broadband multimedia services, in addition to
GSM/GPRS/EDGE networks. Cellcom Israel offers Israel's broadest and largest customer
service infrastructure including telephone customer service centers, retail stores, and
service and sale centers, distributed nationwide. Through its broad customer service
network Cellcom Israel offers technical support, account information, direct to the door
parcel delivery services, internet and fax services, dedicated centers for hearing
impaired, etc. Cellcom Israel further provides through its wholly owned subsidiaries
internet connectivity services and international calling services, as well as landline
telephone communication services in Israel, in addition to data communication services.
Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel
Aviv Stock Exchange (CEL). For additional information please visit the Company's website
http://www.cellcom.co.il [http://investors.ircellcom.co.il/events.cfm ]
Company Contact
Shlomi Fruhling
Chief Financial Officer
investors@cellcom.co.il
Tel: +972 52 998 9755
Investor Relations Contact
Ehud Helft
GK Investor & Public Relations In partnership with LHA
cellcom@GKIR.com
Tel: +1-617-418-3096
Cellcom Israel Ltd.
Cellcom Israel Announces 4G Frequencies Tender Published
NETANYA, Israel, July 2, 2014 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced that the Israel
Ministry of Communications published today a tender for 1800MHz frequencies, for 4G
technologies (such as LTE, LTE Advanced).
Participation in the tender is open for all current Mobile Network Operators and
Mobile Virtual Network Operators as well as other entities meeting certain conditions. The
bands will be awarded to the highest bids with a minimal bid of NIS10 million for each of
the 8 available 5MHZ frequency bands. New and small operators may receive up to 50%
discount, 10% discount for each 1% addition to their market share, obtained over the next
5 years. The tender conditions limit the number of bands for each operator and for a 4G
shared radio network and further limits the number of bands the Company and Partner
Communications Ltd., or Partner (which are already in possession of 1800MHz frequencies)
may purchase.
Following the network sharing policy previously reported, a draft license amendment
attached to the tender sets certain specific requirements for the approval of such
sharing. Should the draft amendment be adopted, the Company estimates it would have to
make certain amendments to the previously reported 4G network sharing agreement it entered
with Golan Telecom Ltd., or Golan Telecom, in order to increase Golan Telecom's economic
stake in the shared radio network.
The draft license amendment further sets coverage and quality requirements for the 4G
network.
The Company is studying the tender documents and at this time cannot evaluate its
implications on the Company.
For additional details see the Company's most recent annual report for the year ended
December 31, 2013 on Form 20-F, filed on March 6, 2014, under "Item 3. Key Information -
D. Risk Factors - Risks Related to our Business - We face intense competition in all
aspects of our business", "- We may be adversely affected by significant technological and
other changes in the cellular communications industry; network sharing agreements, if
approved, may have material adverse effects on our business" and "Item 4. Information on
The Company - B. Business Overview - Network and Technology - Network and Technology" and
"-Network and Cell Sites Sharing Agreements" and our current report regarding the
Company's results for the first quarter of 2014 on Form 6-K dated May 14, 2014 under "
Other developments during the first quarter of 2014 and subsequent to the end of the
reporting period - 4 Generation Network" and "- Network Sharing Agreements".
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider;
Cellcom Israel provides its approximately 3.049 million subscribers (as at March 31, 2014)
with a broad range of value added services including cellular and landline telephony,
roaming services for tourists in Israel and for its subscribers abroad and additional
services in the areas of music, video, mobile office etc., based on Cellcom Israel's
technologically advanced infrastructure. The Company operates an HSPA 3.5 Generation
network enabling advanced high speed broadband multimedia services, in addition to
GSM/GPRS/EDGE networks. Cellcom Israel offers Israel's broadest and largest customer
service infrastructure including telephone customer service centers, retail stores, and
service and sale centers, distributed nationwide. Through its broad customer service
network Cellcom Israel offers technical support, account information, direct to the door
parcel delivery services, internet and fax services, dedicated centers for hearing
impaired, etc. Cellcom Israel further provides through its wholly owned subsidiaries
internet connectivity services and international calling services, as well as landline
telephone communication services in Israel, in addition to data communication services.
Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel
Aviv Stock Exchange (CEL). For additional information please visit the Company's website
http://www.cellcom.co.il [http://investors.ircellcom.co.il/events.cfm ]
Company Contact
Shlomi Fruhling
Chief Financial Officer
investors@cellcom.co.il
Tel: +972 52 998 9755
Investor Relations Contact
Ehud Helft
GK Investor & Public Relations In partnership with LHA
cellcom@GKIR.com
Tel: +1-617-418-3096
Cellcom Israel Ltd.