Mobile communications, internet & telephone operator.
Cellcom ended 2025 as a stronger and less leveraged telecom company, but also as a company whose net-profit headline was materially inflated by the IBC transaction. That means 2026 will be judged less by the ILS 564 million headline and more by whether service growth, low levera…
Cellcom ended 2025 with a real improvement in profitability, leverage, and rating, but on an all-in basis operating cash flow alone did not cover the full package of investment, lease cash, debt service, and dividends. That leaves a narrower capital cushion after the second Apri…
Cellcom Energy is building a long-dated contract book quickly around availability certificates and electricity supply from private producers, but as of year-end 2025 the economics of that book are still extremely thin. Revenue rose to ILS 195 million while Adjusted EBITDA reache…
The IBC deal improved Cellcom's 2025 balance sheet and created a large one-off capital gain, but it did not end the economics of IBC. Once the one-off gain is stripped out, what remains is operating cash flow that did not benefit from it, only NIS 103 million of net added cash a…
