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Cellcom receives 2 class-action suits worth $23.4M
Topics in Legal News | 2010/12/10 23:31

Israeli mobile phone company Cellcom Israel Ltd. said Thursday that it has received two class-action lawsuits seeking NIS 61 millions ($16.6 million) and NIS 25 millions, respectively. The company did not have a comment about the lawsuits chances of success.

Also on Thursday, the company acknowledged that its network suffered an outage Wednesday. To make amends, it will refund all of its subscribers' calls and text messages for the past week, a concession that the company says will negatively affect its results for the current quarter.

Shares of Cellcom rose 53 cents to $34.18 in afternoon trading.




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