Cellcom Israel gets labor dispute announcement

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) has received a labor dispute announcement by the Histadrut, the union representing the company´s employees, the company said.

Under the announcement, the company´s employees would be entitled to take organizational steps (including a strike), as of February 7, 2016. The company rejects the claims made as a basis for the announcement. At this preliminary stage, the company is unable to assess the effects of this announcement.

Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its approximately 2.832 million subscribers (as at September 30, 2015) with a broad range of value added services including cellular and landline telephony, roaming services for tourists in Israel and for its subscribers abroad, additional services in the areas of music, video, mobile office etc. and most recently – also television over the internet service in Israel, based on Cellcom Israel´s technologically advanced infrastructure.