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Cellcom Israel (CEL) Announces Israeli Ministry Of Communications' Approval For Purchase Of Golan Telecom

August 13, 2020 10:05 AM EDT

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that following its previous announcement regarding a binding memorandum of understanding for the purchase of Golan Telecom and approval of the transaction by the Israeli Competition Authority, the Israeli Ministry of Communications, approved the transaction subject to certain conditions. The Company is evaluating the conditions.

For additional details see the Company's most recent annual report for the year ended December 31, 2019 on Form 20-F, filed on March 23, 2020, under "Item 4. Information on the Company – A. History and Development of the Company -– Our History" and the Company's current reports on Form 6-K dated June 10, 2020 and July 17, 2020.



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