Benzinga | Dec 9, 2020 05:29AM EST

Cellcom Israel Announced Sharing Network Partner Xfone Has Not Made Additional Payment

ellcom Israel Ltd. (NYSE:CEL) (TASE: CEL) (hereinafter: the "Company") announced today that following its previous announcement regarding its cellular sharing network partner, Marathon 018 Xfone Ltd., or Xfone, non-payment of the monthly payment due October 31, Xfone has not paid an additional monthly payment due November 30, 2020, under the sharing network agreement.

The Company acts to exercise its rights under the agreement.

At this stage, the Company cannot assess the implications on the Company's result