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 1, 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
Item
1
CELLCOM
ISRAEL LTD. ANNOUNCES ADDITIONAL DETAILS ON OFFERING OF DEBENTURES IN
ISRAEL
Netanya,
Israel – October 1, 2007 –
Cellcom Israel Ltd. (NYSE: CEL)
announced that further to its announcement on
September 23, 2007, of the filing of a final prospectus (“Prospectus”) for the
offering (“Offering”) of two series of debentures, Series C and Series D with
the Israeli Securities Authority and the Tel Aviv Stock Exchange (“TASE”), the
Company filed today a supplemental notice with the following additional
details:
The
Series
C Debentures offered are in a principal amount of up to NIS 245 million, out
of
which the Company has already received commitments to order NIS 200.5 million
principal amount from institutional investors.
The
Series
D Debentures offered are in a principal amount of up to NIS 755 million, out
of
which the Company has already received commitments to order NIS 667.25 million
from institutional investors.
The
public
tender for both Series will be held on October 2, 2007.
The
institutional investors will receive a discount for their early commitment
in
the amount of 0.30% for Series C orders and 0.45% for Series D
orders.
The
aggregate amount that the Company expects to pay for arrangement fees and other
expenses in connection with this offering is approximately NIS 2.7 million.
The
aggregate discounts for the aforesaid commitment is expected to be approximately
NIS 3.6 million.
The
Company estimates that the net proceeds from the Offering, if completed, will
be
approximately NIS 993.7 million, after deduction of the arrangers’ fees and
other estimated expenses.
The
offering described in this press release, will be 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).
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Company
Contact
Shiri
Israeli
Investor
Relations Coordinator
investors@cellcom.co.il
Tel:
972 52 998 9755
|
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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October
1, 2007
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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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