Sunday, Israeli cellular provider Cellcom Israel Ltd. (CEL) said that a purported class action filed against the company in May 2007, in the District Court of Tel-Aviv-Jaffa, by two subscribers of the company, has been dismissed with prejudice with plaintiffs' consent.
Two subscribers had alleged that the company, unlawfully and in violation of its license, raised its tariffs, in pricing plans that included a commitment to purchase certain services for a predefined period, Cellcom said.
The company said, had the lawsuit been certified as a class action, the total amount claimed from Cellcom was estimated by the plaintiffs to be about NIS 875 million.
Late November, Cellcom said that a purported class action lawsuit against the company, two other cellular operators and the Minister of Communications was filed in the District Court of Jerusalem, by four plaintiffs alleging to be subscribers of the two other cellular operators.
The company then said that the plaintiffs had alleged that the defendant cellular operators unlawfully discriminated against non orthodox customers by offering them less favorable prices and terms.
Cellcom Israel noted that if the lawsuit is certified as a class action, the total amount claimed is estimated by the plaintiffs to be about NIS 900 million, without specifying the amount attributed to the company individually.
CEL rose $0.22 or 0.68% and closed Friday's regular trading at $32.75.
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