Cellcom Israel Announces Sharing Network Partner Has Not Made Additional Payment
NETANYA, Israel, Dec. 9, 2020 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") 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.
- NETANYA, Israel, Dec. 9, 2020 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") 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.
- Risk Factors - Our network sharing agreements consideration constitute a significant portion of our revenues" and Item 4.
- Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services.
- Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel.