Cellcom Israel Announces a Purported Class Action Filed Against the Company
NETANYA, Israel, Aug. 4, 2020 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that apurported class action was filed against the Company, alleging that the Companyunlawfully raised tariffs and therefore charged its customers for its services, in violation of its license, applicable law and the agreement with its customers.
- NETANYA, Israel, Aug. 4, 2020 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that apurported class action was filed against the Company, alleging that the Companyunlawfully raised tariffs and therefore charged its customers for its services, in violation of its license, applicable law and the agreement with its customers.
- The amount claimed from the Company, if the lawsuit is certified as a class action, was estimated by the plaintiff to be approximately NIS 100 million.
- 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.