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Cellcom Israel Ltd.
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Cellcom Israel Ltd. |
- General
- Message to
Investors - Management
& Directors - Financial
Data - Products
& Services - News
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Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider. Cellcom Israel provides its approximately 3.349 million subscribers (as at December 31, 2011) with a broad range of value added services including cellular and landline 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.
The Company operates an HSPA 3.5 Generation network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks.
Cellcom Israel offers Israel's broadest and largest customer service infrastructure including telephone customer service centers, retail stores, and service and sale centers, distributed nationwide. Through its broad customer service network Cellcom Israel offers technical support, account information, direct to the door parcel delivery services, internet and fax services, dedicated centers for the hearing impaired, etc.
In August 2011, Cellcom Israel completed the acquisition of Netvision Ltd. its whose wholly owned subsidiary, 013 Netvision Ltd., is a leading Israeli provider of internet connectivity services and international calling services.
Cellcom Israel, through its wholly owned subsidiaries, also provides landline telephone communication services in Israel, in addition to data communication services.
Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL).
Management
CEO: Nir Sztern
CFO: Yaacov Heen
Directors
Chairman: Ami Erel
Nochi Dankner
Shay Livnat
Raanan Cohen
Rafi Bisker
Shlomo Waxe
Haim Gavrieli
Ari Bronshtein
Tal Raz
Ronit Baytel
Joseph Barnea
Ephraim Kunda
Edith Lusky
Assaf Topaz
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Year Ended December 31 |
||||
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Income Statement Data ($m) |
2011 |
2010 |
2009 |
|
| Total Revenues |
1,703 |
1,877 |
1,717 |
|
|
Gross Profit |
811 |
941 |
834 |
|
| Gross Margins % |
48% |
50% |
49% |
|
| Operating Income |
372 |
546 |
468 |
|
| Interest, Net |
-77 |
-65 |
-58 |
|
| Pretax Income |
295 |
481 |
410 |
|
| Net Income |
216 |
364 |
313 |
|
| Diluted Earnings Per Share ($) |
2.17 |
3.66 |
3.15 |
|
| Financial statement data translated at the NIS/$ exchange rate at the end of each year. | ||||
| Balance Sheet Data ($m) |
12/31/11 |
12/31/10 |
||
|
Total Cash & ST Investments |
241 |
150 |
||
| Current Assets |
872 |
728 |
||
| Total Assets |
2,239 |
1,689 |
||
| Current Liabilities |
694 |
467 |
||
|
Total Equity |
49 |
96 |
||
| Balance sheet data translated at the NIS/$ exchange rate at the end of each year. | ||||
| Key Financial Ratios |
12/31/11 |
12/31/10 |
| Current Ratio |
1.3x |
1.6x |
| L-T Debt/Equity |
2,916% |
1,148% |
|
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|
| Business Summary |
2011 |
|
Revenues |
|
| Services |
73% |
| Cellular telephone equipment sales, net |
27% |
|
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| Dividend Policy |
|
In February 2006, the Company's board of directors adopted a dividend policy to distribute each year at least 75% of the Company's annual net income determined (in accordance with IFRS for periods commencing on or after January 1, 2008), subject to applicable law, the Company's license and the Company's contractual obligations and provided that such distribution would not be detrimental to the Company's cash needs or to any plans approved by the Company's Board of Directors. In March 2007, the Company's Board of Directors resolved to distribute dividends within the boundaries of the February 2006 dividend policy and until resolved otherwise, on a quarterly basis. Dividend payments are not guaranteed and the Company's Board of Directors may decide, in its absolute discretion, at any time and for any reason, not to pay dividends or to pay dividends at a ratio to net income that is less than that paid in the past. |
| Main Shareholders (December 31, 2011) |
|
| Discount Investments Corporation Ltd. |
47.04%* |
|
*plus voting rights of an additional approximately 3.43% of the company’s share capital. |
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Cellular telephony Cellcom Israel’s principal service is cellular telephony. In addition, the company offers many other services with enhancements and additional features to our basic cellular telephony service. These services and features include caller identification, voice mail, cellular fax, call waiting, call forwarding, conference calling, “Talk 2” (two handsets sharing the same number), Cellcom Copy (enabling backup of information kept on the handset such as contacts, SMS, and media files), additional number service (enabling subscribers to add a second phone number to their handset) and collect call service (a self developed service protected by a US and Israeli patent). |
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Fixed line communications to Business customers Cellcom Israel, through its wholly owned subsidiary, Cellcom Fixed Line Communications L.P., offers transmission services and data communication to business clients and communication providers, as well as landline telephony services to business customers. |
|
Advanced data services Cellcom Israel offers subscribers a variety of channels to facilitate their access to data services, including handsets (in supporting models), cellular modems, laptops, tablets and cellular routers. |
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Handsets Cellcom Israel sells a wide variety of handsets designed to meet individual preferences. The company offers a variety of handsets from leading brands such as Apple, LG, Motorola, Nokia, Samsung, Sony-Ericsson and RIM. Handset models sold offer Hebrew language displays in addition to English, Arabic and Russian (in most of the models). Cellcom Israel offers an extended handset warranty as well as repair and replacement services for most handsets, in approximately 80 locations. |
Announcements
21/2/2012
Cellcom Israel Schedules Fourth Quarter and Full Year 2011 Results Release for March 7, 2012 More Info
Cellcom Israel Schedules Fourth Quarter and Full Year 2011 Results Release for March 7, 2012 More Info
19/2/2012
Cellcom Israel Announces Purported Class Action Filed Against the Company's Subsidiary More Info
Cellcom Israel Announces Purported Class Action Filed Against the Company's Subsidiary More Info
All Announcements
News
Globes - 15/5/2012 - Cellcom revenue declines but beats analysts
CEO Nir Sztern: The decline in service revenues will continue in the following quarters and may even escalate. More Info
CEO Nir Sztern: The decline in service revenues will continue in the following quarters and may even escalate. More Info
Globes - 4/4/2012 - Cellcom to allow snooping on IDF subscribers
The condition was included in the tender, and all three participating carriers knew of it in advance. More Info
The condition was included in the tender, and all three participating carriers knew of it in advance. More Info
Globes - 20/3/2012 - Cellcom raises NIS 991m in debt
The offering for the two bond series was oversubscribed, with NIS 1.9 billion in bids. More Info
The offering for the two bond series was oversubscribed, with NIS 1.9 billion in bids. More Info
Globes - 19/3/2012 - Cellcom, ICC-Cal to launch e-wallet joint venture
Near field communication chips will be embedded in Cellcom mobile phones, turning them into electronic wallets. More Info
Near field communication chips will be embedded in Cellcom mobile phones, turning them into electronic wallets. More Info
Globes - 11/3/2012 - Cellcom targets end to HOT's regulatory protection
Cellcom is trying to convince the Antitrust Authority that HOT no longer needs affirmative regulatory disicrimination. More Info
Cellcom is trying to convince the Antitrust Authority that HOT no longer needs affirmative regulatory disicrimination. More Info
Globes - 7/3/2012 - Wed: Cellcom down on dismal results
Mobile carriers Cellcom and Partner fell although the market recovered from yesterday's losses. The market is closed Thursday for the Purim holiday. More Info
Mobile carriers Cellcom and Partner fell although the market recovered from yesterday's losses. The market is closed Thursday for the Purim holiday. More Info
Globes - 7/3/2012 - Cellcom profit plummets, in line with warning
Fourth quarter net profit fell 76.2%, but the mobile carrier will distribute a NIS 72 million dividend. More Info
Fourth quarter net profit fell 76.2%, but the mobile carrier will distribute a NIS 72 million dividend. More Info
Globes - 4/3/2012 - Cellcom wins large Defense Ministry tender
Nochi Dankner's mobile carrier unit beat rivals Pelephone and Partner. More Info
Nochi Dankner's mobile carrier unit beat rivals Pelephone and Partner. More Info
Globes - 12/2/2012 - Cellcom fires 100
Sources inform "Globes" that Cellcom has also demanded that vendors take a 10% cut. More Info
Sources inform "Globes" that Cellcom has also demanded that vendors take a 10% cut. More Info
Globes - 8/2/2012 - Cellcom in talks to sell eGovernment co Netwise to Matrix
Netvision unit Netwise has 200 employees and is a Gold Partner of Microsoft. More Info
Netvision unit Netwise has 200 employees and is a Gold Partner of Microsoft. More Info
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