{"id":396069,"date":"2020-12-09T05:22:46","date_gmt":"2020-12-09T10:22:46","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396069"},"modified":"2020-12-09T05:22:46","modified_gmt":"2020-12-09T10:22:46","slug":"cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/","title":{"rendered":"Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>NETANYA, <span class=\"xn-location\">Israel<\/span>, <span class=\"xn-chron\">Dec. 9, 2020<\/span> \/PRNewswire\/ &#8212; Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the &#8220;Company&#8221;) announced today that following its previous announcement regarding its cellular sharing network partner, Marathon 018 Xfone Ltd., or Xfone, non-payment of the monthly payment due <span class=\"xn-chron\">October 31<\/span>, Xfone has not paid an additional monthly payment due <span class=\"xn-chron\">November 30, 2020<\/span>, under the sharing network agreement. <\/p>\n<p>The Company acts to exercise its rights under the agreement. <\/p>\n<p>At this stage, the Company cannot assess the implications on the Company&#8217;s results. <\/p>\n<p>For additional details regarding the materiality of the network sharing agreement on the Company&#8217;s results, see the Company&#8217;s 2019 annual report on Form 20-F, dated <span class=\"xn-chron\">March 23, 2020<\/span>, under &#8220;Item 3. Risk Factors &#8211; Our network sharing agreements consideration constitute a significant portion of our revenues&#8221; and Item 4. Information on the Company \u2013 B. Business Overview \u2013 Networks and Infrastructure \u2013 Network sharing agreements&#8221; and the Company&#8217;s current report on Form 6-K dated <span class=\"xn-chron\">November 16, 2020<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <u>About Cellcom Israel <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services. Cellcom Israel is the largest Israeli cellular provider, providing its cellular subscribers with a broad range of services including cellular telephony, roaming services, text and multimedia messaging, advanced cellular and data services and other value-added services in the areas of \u00a0mobile office, data protection etc., based on Cellcom Israel&#8217;s technologically advanced infrastructure. The Company operates advanced networks enabling high-speed broadband and advanced multimedia services. Cellcom Israel offers nationwide customer service including telephone customer service, retail stores, and service and sale centers. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel.\u00a0 Cellcom Israel&#8217;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&#8217;s website <a target=\"_blank\" href=\"http:\/\/investors.cellcom.co.il\/\" rel=\"nofollow noopener noreferrer\">http:\/\/investors.cellcom.co.il<\/a>.<\/p>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Company Contact<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Shai Amsalem<br \/>Chief Financial Officer<br \/><a target=\"_blank\" href=\"mailto:investors@cellcom.co.il\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">investors@cellcom.co.il<\/a><br \/>Tel: +972-52-998-4774<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Investor Relations Contact<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Elad Levy<br \/>Investor Relations Manager<br \/><a target=\"_blank\" href=\"mailto:investors@cellcom.co.il\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">investors@cellcom.co.il<\/a><br \/>Tel: +972-52-998-4774<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <span \/>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN17417&amp;sd=2020-12-09\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment-301189246.html\">http:\/\/www.prnewswire.com\/news-releases\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment-301189246.html<\/a><\/p>\n<p>SOURCE  Cellcom Israel Ltd.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN17417&amp;Transmission_Id=202012090519PR_NEWS_USPR_____LN17417&amp;DateId=20201209\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NETANYA, Israel, Dec. 9, 2020 \/PRNewswire\/ &#8212; Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the &#8220;Company&#8221;) announced today that following its previous announcement regarding its cellular sharing network partner, Marathon 018 Xfone Ltd., or Xfone, non-payment of the monthly payment due October 31, Xfone has not paid an additional monthly payment due November 30, 2020, under the sharing network agreement. The Company acts to exercise its rights under the agreement. At this stage, the Company cannot assess the implications on the Company&#8217;s results. For additional details regarding the materiality of the network sharing agreement on the Company&#8217;s results, see the Company&#8217;s 2019 annual report on Form 20-F, dated March 23, 2020, under &#8220;Item 3. Risk Factors &#8211; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396069","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NETANYA, Israel, Dec. 9, 2020 \/PRNewswire\/ &#8212; Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the &#8220;Company&#8221;) announced today that following its previous announcement regarding its cellular sharing network partner, Marathon 018 Xfone Ltd., or Xfone, non-payment of the monthly payment due October 31, Xfone has not paid an additional monthly payment due November 30, 2020, under the sharing network agreement. The Company acts to exercise its rights under the agreement. At this stage, the Company cannot assess the implications on the Company&#8217;s results. For additional details regarding the materiality of the network sharing agreement on the Company&#8217;s results, see the Company&#8217;s 2019 annual report on Form 20-F, dated March 23, 2020, under &#8220;Item 3. 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(NYSE: CEL) (TASE: CEL) (hereinafter: the &#8220;Company&#8221;) announced today that following its previous announcement regarding its cellular sharing network partner, Marathon 018 Xfone Ltd., or Xfone, non-payment of the monthly payment due October 31, Xfone has not paid an additional monthly payment due November 30, 2020, under the sharing network agreement. The Company acts to exercise its rights under the agreement. At this stage, the Company cannot assess the implications on the Company&#8217;s results. For additional details regarding the materiality of the network sharing agreement on the Company&#8217;s results, see the Company&#8217;s 2019 annual report on Form 20-F, dated March 23, 2020, under &#8220;Item 3. Risk Factors &#8211; &hellip; Continue reading \"Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T10:22:46+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN17417&amp;sd=2020-12-09","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment","datePublished":"2020-12-09T10:22:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/"},"wordCount":360,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN17417&amp;sd=2020-12-09","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cellcom-israel-announces-sharing-network-partner-has-not-made-additional-payment\/","name":"Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment - 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