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Israeli cell phone service provider Cellcom Israel files for IPO

January 17, 2007
CEL

Cellcom Israel, one of four providers of cellular phone service in Israel, filed for an IPO on Wednesday. Its shareholders will offer nearly 19 million shares at a range of $16-$18, giving the company a proposed market cap of $1.7 billion. Goldman Sachs, Citigroup and Deutsche Bank will serve as the joint book running managers. Timing has yet to be announced.