Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) has been notified by the European Ministry of Communications, or MOC, that the company´s 850MHZ frequencies allocation shall expire on February 1, 2022 and and be replaced by 900MHZ frequencies no later than March 22, 2021, the company said.
The method and schedule in which such replacement will be executed, including interim frequencies allocations as required, shall be formed separately. The MOC noted the company may use an interim leniency to the Planning and Building Law, allowing, under certain conditions, replacement of cell sites without obtaining a building permit. The company is examining the implications of the MOC´s notification and possible courses of action.
Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its approximately 2.822 million cellular subscribers (as at March 31, 2018) with a broad range of value added services including cellular 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 Israel´s technologically advanced infrastructure. For additional information visit the company´s website http://investors.cellcom.co.il.