NETANYA, Israel, March 8 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. (NYSE: CEL - News; "Cellcom") announces that the option granted to the underwriters of its IPO under the Underwriting Agreement dated February 5, 2007 to purchase up to 3,000,000 additional ordinary shares from the shareholders who sold shares in the IPO expired on March 7, 2007 without being exercised.
Cellcom is the leading Israeli cellular company; Cellcom entered the market in 1994 and today provides services to more than 2.8 million subscribers representing approximately 34% market share. Cellcom offers its subscribers a broad range of value added services including video streaming services, JAVA games, Multi Media Messages, content and multimedia services and more. In addition, Cellcom offers a wide range of cellular telephony services to both the private and business sectors including virtual private network (VPN), global roaming, voice-activated dialing and conference calling. Cellcom operates UMTS/HSDPA, GSM/GPRS/EDGE and TDMA networks. Cellcom also offers landline transmission and data services to business customers and telecommunications operators and, since July 2006, offers landline telephony services to selected businesses. For additional information please visit the Company's website http://www.cellcom.co.il/Cultures/en-US/InvestorRelations.
Investor Relations Coordinator
Investor Relations Contact:
Ehud Helft / Ed Job
CCGK Investor Relations
email@example.com / firstname.lastname@example.org
Tel: (US) +1-866-704-6710 / +1-646-213-1914
Source: Cellcom Israel Ltd.