Tag Archives: cellcom

Cellcom sees further fall in revenue in 2013

Cellcom expects revenue slide but higher profit

Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL), controlled by Discount Investment Corporation (TASE: DISI), reported third quarter results this morning. The mobile telephony company’s revenue fell 13% in comparison with the corresponding quarter of 2011 to NIS 1.448 billion. Net profit plummeted 37.7% to NIS 124 million. On the other hand, the company’s cash flow soared 58% to NIS 414 million.

Cellcom has been closing customer service centers in an apparent effort to cut costs in a highly competitive industry following the entry of new players such as Golan Telecom and HOT Mobile.

Globes 19-9-2012 Cellcom to market Nano-SIM for iPhone 5 Cellcom is preparing for the unofficial arrival in Israel of the iPhone 5, following the global launch on Friday. 19 September 12 15:25, Tzahi Hoffman Tweet inShare Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) is preparing for the unofficial arrival in Israel of the iPhone 5, following the [...]

Israel Credit Cards-Cal Ltd. (ICC-Cal) (Visa) and mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) today announced that they have signed a letter of intent to jointly develop a mobile credit card, which will turn a smartphone into an electronic wallet.

Private phone conversations could soon become a thing of the past for defense officials and career officers in the Israel Defense Forces. As of tomorrow, the IDF will start monitoring their phone calls in an effort to prevent classified information from being leaked.
The IDF will replace tens of thousands of phones as part of a Military Intelligence drive to monitor cellphone conversations and activities. Instead of the phones defense officials and officers currently use, which are on the Mirs network, they will be receiving new smartphones operated by Cellcom.

ources inform ”Globes” that mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) has notified managers to pay NIS 650 a month for their company cars. The measure will not affect employees or managers who work in the field, but only managers who have company cars as a perk.
Cellcom said, “Like other companies, Cellcom is seeking to cut car and fuel costs, in view of the sharp rise in travel costs in recent months. The company has therefore decided that a limited group of managers will bear the minimum payment for participating in car costs. The company makes it clear that field workers in service, sales, technicians, and so forth, will not bear the monthly vehicle participation cost.”
Cellcom’s share price rose 4.5% by mid-afternoon on the TASE today to NIS 21.89, after rising 2.3% in New York yesterday to $5.26, giving a market cap of $523 million.

Cellcom Israel Announces the Resignation of a Director Cellcom Israel CEL | 7/6/2012 5:38:00 AM NETANYA, Israel, July 6, 2012 /PRNewswire/ – Cellcom Israel Ltd. (NYSE: CEL) (the “Company”) announced today that Mr. Shay Livnat, a member of the Company’s board of directors, resigned from this office effective July 5, 2012. As a result, Mr. [...]

Cellcom throws down the gauntlet There is no question Cellcom’s rivals must respond to their new plan, because this is no ordinary marketing move. 5 July 12 12:27, Gad Perez There is no business like the telecommunications business. Every day has the potential for new drama. After new carriers Golan Telecom Ltd. and HOT Mobile [...]