| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
118 |
| Employees |
2,889 |
| Revenues (TTM) (Millions $) |
3,708 |
| Net Income (TTM) (Millions $) |
-107 |
| Cash Flow (TTM) (Millions $) |
1,202 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Cellcom Israel Ltd is a leading communications company in Israel which provides a wide range of mobile and fixed-line communication services to its customers. The company is headquartered in Netanya, Israel and established in 1994. Its communication services include cellular, national and international long-distance and fixed-line voice, data and internet services, roaming services for tourists and businesses, television, and other related services.
The company owns and operates a nationwide GSM network and 4G LTE network, which covers almost 100% of Israeles population. It also provides its services through various networks, including UMTS/HSPA+ 3G networks, and 802.11ac Wi-Fi coverage in certain locations. The company has invested heavily in the latest technologies such as 5G and IoT, ensuring that it remains at the forefront of the telecommunications industry.
Cellcom Israel operates in one of the most competitive markets globally, with four major competitors. They continuously make efforts to gain a larger market share, appeal to customers and maintain their customer base. The company is known for its innovative and cost-effective services that enable its customers to communicate with ease.
The companyes customer base includes both individual customers and businesses. It offers a wide range of affordable and comprehensive packages to meet the varying needs of its clients. It has established a reputation for excellent customer service and has recently integrated digital channels to enhance customer experience.
In April 2018, the company launched the Cellcom TV platform, allowing subscribers to watch TV shows and movies on a variety of devices, and also includes a wide range of channels, including international channels.
As of December 31, 2020, the company has a workforce of 3,281 people, and its network covers approximately 99.8% of the population in Israel. Its net income for the fiscal year 2019 was NIS 26 million (approximately $8 million). The company is listed on the Tel Aviv Stock Exchange and has shares listed in the United States as American Depository Shares (ADS).
Overall, Cellcom Israel is a prominent player in the telecommunications industry in Israel, known for its innovative and cost-effective services, excellent customer service, and investment in the latest communication technologies.
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