FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
October 3, 2007
Commission
File Number: 001-33271
CELLCOM
ISRAEL LTD.
10
Hagavish Street
Netanya,
Israel 42140
________________________________________________
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F
__X__ Form 40-F
_____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _____ No
__X__
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not Applicable
CELLCOM
ISRAEL LTD. ANNOUNCES RESULTS OF DEBENTURES OFFERING IN
ISRAEL
Netanya,
Israel – October 3, 2007 –
Cellcom Israel Ltd. (NYSE: CEL)
(the "Company") announced that the public
tenders for its debentures, previously announced on September 23, 2007,
and October 1, 2007, were concluded as
follows:
The
Company accepted the orders for NIS 245,000,000 principal amount of Series
C
debentures and NIS 826,968,000 principal amount of Series D debentures. The
principal amount of Series D debentures includes an over allotment, in
accordance with the Israeli securities regulations and/or as described in the
Prospectus during the Offering.
The
annual
interest rate was set to 4.60% for Series C debentures and 5.19% for Series
D
debentures, both linked to the Israeli Consumer Price Index.
The
offering described in this press release, was made in Israel to residents of
Israel only. The said debentures will not be registered under the U.S.
Securities Act of 1933 and will not be offered or sold in the United States.
This press release shall not constitute an offer to sell or the solicitation
of
an offer to buy any debentures.
About
Cellcom Israel
Cellcom
Israel Ltd., established in 1994, is the leading Israeli cellular provider;
Cellcom Israel provides its 2,960 million subscribers (as of June 2007) 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 HSDPA 3.5 Generation network enabling the fastest high speed content
transmission available in the world, in addition to GSM/GPRS/EDGE and TDMA
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 its customers technical support, account
information, direct to the door parcel services, internet and fax services,
dedicated centers for the hearing impaired, etc. In April 2006 Cellcom Israel,
through Cellcom Fixed Line Communications L.P., a limited partnership
wholly-owned by Cellcom Israel, became the first cellular operator to be granted
a special general license for the provision of 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).
Company
Contact
Shiri
Israeli
Investor
Relations Coordinator
investors@cellcom.co.il
Tel:
+972 52 998 9755
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Investor
Relations Contact
Ehud
Helft / Ed Job
CCGK
Investor Relations
ehud@gkir.com
/ ed.job@ccgir.com
Tel:
(US) 1 866 704 6710 / 1
646-213-1914
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Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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CELLCOM
ISRAEL LTD.
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Date:
October
3, 2007
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By:
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/s/ Liat Menahemi
Stadler
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Name: Liat
Menahemi Stadler
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Title: General
Counsel
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