Israel’s largest mobile operator, Cellcom, has named Ami Erel as its new chairman with immediate effect, succeeding Raanan Cohen.
Cellcom said in a statement today that Erel was picked by Discount Investment Corporation (DIC), its largest shareholder…
Israel’s largest mobile operator, Cellcom, has named Ami Erel as its new chairman with immediate effect, succeeding Raanan Cohen.
Cellcom said in a statement today that Erel was picked by Discount Investment Corporation (DIC), its largest shareholder with a 78.5% stake.
“Erel’s appointment is in accordance with the requirement of the company’s telecommunications licence and articles of association that at least 20% of the company directors be appointed by Israeli citizens and residents from among the company’s founding shareholders…namely DIC,” the operator commented.
Cellcom also said that three of its directors – Rafi Bisker, Haim Gavrieli, and Edith Lusky – have resigned from the company’s board in order to comply with board composition requirements set by a recent law to promote competition and mitigate concentration in the sector.
The company is the largest of Israel’s five mobile operators. It recently signed a 4G network sharing agreement with number four player Golan Telecom.
The 4G auction itself is scheduled to take place later this year and will be open to existing and new operators.
