Cellcom reports 1Q results

14 May 2007

Israeli cellco Cellcom has announced that in the three months ended 31 March 2007 revenues increased 7% to NIS1.44 billion (USD246 million) compared to the same period of 2006. Growth was as a result of a 17% jump in airtime usage as a result of a hike in subscribers and in minutes of use (MoU) which rose from 323 minutes to 341 minutes, EBITDA rose 20% to NIS535 million while net income jumped 43% to NIS208 million. Average monthly ARPU fell by NIS1 to NIS149.

Israel, Cellcom