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Cellcom Israel Approves Private Issuance of 10 Million Options

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Cellcom Israel Approves Private Issuance of 10 Million Options

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Cellcom ( (IL:CEL) ) just unveiled an update.

Cellcom Israel Ltd. announced the approval of a private issuance of 10 million options, intended to increase the company’s issued and paid-up capital. These options are designated for employees, managers, and consultants, highlighting the company’s emphasis on rewarding and motivating its internal stakeholders. This strategic move could boost employee engagement and retention, potentially strengthening the company’s industry position.

More about Cellcom

Cellcom Israel Ltd. is a telecommunications company that provides various telecom services, including mobile, internet, and fixed-line services, primarily focusing on the Israeli market.

YTD Price Performance: 4.48%

Average Trading Volume: 1,417

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.16B

Find detailed analytics on CEL stock on TipRanks’ Stock Analysis page.

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