Cellcom Israel Announces Second Quarter 2018 Results
CELLCOM ISRAEL (CEL)
US:NYSE Investor Relations:
investors.cellcom.co.il
Company Research
Source: PR Newswire
NETANYA, Israel, Aug. 16, 2018 /PRNewswire/ --Nir Sztern, Cellcom Israel's CEO said: "This quarter concluded with a loss, due to several specific events which burdened the Company's expenses, primarily a retirement of approximately 200 employees, which resulted in an expense of approximately NIS 26 million. The positive effect of reduction of the Company's expenses, shall be seen from the next quarter Despite the fierce competition, the Company succeeded to maintain the revenue level as compared with the first quarter of 2018, with total revenues of NIS 927 million in this quarter, compared to NIS 933 million in the first quarter (a decrease of approximately 0.6%), among others, through a successful marketing of the quatro packages Entering into the MOU for an investment in IBC, which we recently announced, is of strategic significance to Cellcom Israel and a ground breaking event in the field of internet services in Israel. The cooperation between the companies will allow offering fa
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