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Cellcom Israel Announces That a Purported Class Action was Withdrawn

NETANYA, Israel, May 14, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Cellcom Israel Ltd (NYSE: CEL) announced today that a motion for certification as a class action, pursuant to the Class Actions Law, 2006, of a purported class action filed against the Company on February, 28, 2007, alleging the Company unlawfully collected VAT amounts from subscribers who are residents of the city of Eilat in Israel, was withdrawn. Had the lawsuit been certified as a class action, the amount claimed from the Company was estimated by the plaintiff at approximately NIS 33 million.

About Cellcom

Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom provides its 2.928 million subscribers (as at March 2007) 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's technologically advanced infrastructure. The Company operates an HSDPA 3.5 Generation network enabling the fastest high speed content transmission available in the world, in addition to GSM/GPRS/EDGE and TDMA networks. Cellcom 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 offers its customers technical support, account information, direct to the door parcel services, internet and fax services, dedicated centers for the hearing impaired etc. In April 2006 Cellcom Fixed Line Communications L.P., a limited partnership wholly-owned by Cellcom, became the first cellular operator to be granted a special general license for the provision of landline telephone communication services in Israel, in addition to data communication services. For additional information please visit the Company's website http://investors.ircellcom.co.il

    Company Contact

    Shiri Israeli
    Investor Relations Coordinator
    investors@cellcom.co.il
    Tel: +972-52-998-9755

    Investor Relations Contact

    Ehud Helft / Ed Job
    CCGK Investor Relations
    ehud@gkir.com / ed.job@ccgir.com
    Tel: (US) +1-866-704-6710 / +1-646-213-1914

 


SOURCE Cellcom Israel Ltd.

Company Contact: Shiri Israeli, Investor Relations Coordinator,
investors@cellcom.co.il, Tel: +972-52-998-9755; Investor Relations Contact: Ehud
Helft / Ed Job, CCGK Investor Relations, ehud@gkir.com / ed.job@ccgir.com, Tel: (US)
+1-866-704-6710 / +1-646-213-1914

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