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 March
27, 2008
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 AN AGREEMENT FOR THE SALE OF
CERTAIN
SURPLUS PIPES FOR FIBER OPTIC CABLES
While the Company has not issued any
report concerning the development set forth below, the Company’s controlling
shareholder will provide an immediate report about this development under its
Israeli reporting requirements and, consequently, the Company is filing this
Form 6-K.
Netanya, Israel –
March
27, 2008
– Cellcom Israel
Ltd. (NYSE: CEL) (the "Company"), announced that, further to its announcement on
December 6, 2007 regarding negotiations for the sale of certain surplus
underground pipes for fiber optic cables, the Company signed an agreement for
the sale of part of these pipes (other contemplated sales are being negotiated)
for a consideration of approximately NIS 13 million plus value added tax. If the
transaction is completed, the Company is expected to record a one time gain of
approximately NIS 8.5 million. Until the transaction is completed, the Company
can provide no assurance as to the gain to be recorded by the Company as a
result of such transaction.
Forward Looking
Statement
The
information included in this press release contains, or may be deemed to
contain, forward-looking statements (as defined in the U.S. Private Securities
Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Said
forward-looking statements, relating to the gain to be recorded, is subject to
uncertainties and assumptions relating to the completion of the
transaction; the ultimate results of which could lead to materially
different outcome than those set forth above.
About Cellcom
Israel
Cellcom
Israel Ltd., established in 1994, is the leading Israeli cellular provider;
Cellcom Israel provides its 3.073 million subscribers (as at December 31, 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 HSPA 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).
For
additional information please visit the Company's website
http://investors.ircellcom.co.il
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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:
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March
27, 2008
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By:
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/s/ Liat
Menahemi Stadler
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Name:
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Liat
Menahemi Stadler
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Title:
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General
Counsel
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