GlobeNewswire Inc | Feb 5, 2021 10:38AM EST

February 05, 2021

PHILADELPHIA, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Cellcom Israel Ltd. (Cellcom or the Company) (NYSE: CEL) to determine whether the Company engaged in securities fraud or other unlawful business practices.

On January 31, 2021, Cellcom announced that Marathon 018 Xfone Ltd., . . . [Cellcoms] cellular sharing network partner, . . . sent . . . an annulment notice of the sharing agreement, alleging that the Company has materially breached the sharing agreement by acquiring Golan Telecom's share capital and termination of Golan's MNO license.

On this news, Cellcoms stock price dropped $0.23 per share, closing at $3.83 per share on February 1, 2021, thereby injuring investors.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, CELLCOM SECURITIES AND SUFFERED SIGNIFICANT LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRMS SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802, KCAULEY@KEHOELAWFIRM.COM, SECURITIES@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO DISCUSS THECLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

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