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
23, 2009
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 announces ilaa/stable
rating FOR DEBENTURES TRADED IN ISRAEL
Netanya, Israel – March 23, 2009 –
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company"),
announced today that Standard & Poor’s Maalot (“Maalot”) announced the
raising of the rating of the Company’s debentures (Series A, B, C, D), traded in
the Tel Aviv Stock Exchange, to ilAA/stable (formerly AA-/ Stable), and assigned
a preliminary rating of ilAA/stable to any additional debentures of
approximately NIS 300 million that the Company may issue.
At this
stage, no decision has been made as to the execution of such possible issuance,
nor as to its scope, terms and timing, if executed, and there is no certainty
that such issuance will be executed. The issuance, if made, will be made in
Israel to residents of Israel only. The said debentures, if issued, 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. For additional details on
the Company's debt service, see the Company's annual report for the year ended
December 31, 2008 on Form 20-F, under “Item 5 – Operating and Financial Review
and Prospects – B. Liquidity and Capital Resources – Debt Service”.
About Cellcom
Israel
Cellcom
Israel Ltd., established in 1994, is the leading Israeli cellular provider;
Cellcom Israel provides its approximately 3.117 million subscribers (as at June
30, 2008) 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
info@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
23, 2009
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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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