Cellcom plans NY IPO, papers say

28 Sep 2006

Cellcom, Israel’s largest mobile operator, is looking to raise around USD300 million by selling 20% of its shares in an initial public offering on the New York Stock Exchange, according to Reuters quoting the Maariv daily. Goldman Sachs will lead the offering on behalf of Israeli holding company Discount Investment Corp, which owns 78.5% of the operator. Cellcom officials were not immediately available for comment.

Israel, Cellcom