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May 15, 2012 10:00 AM ET
Porat Saar - CCG Investor Relations
Nir Sztern - CEO
Yaacov Heen - CFO
David Kaplan - Barclays
James Breen - William Blair
Michael Clark - Citibank
Dan Harvard - Deutsche Bank
Maura Shaughnessy - MFS
Welcome to the Cellcom Israel Ltd. First Quarter 2012 Results Conference Call. (Operator Instructions). I would now like to hand over the call to Ms. Porat Saar of CCG Investor Relations Israel. Ms. Saar, please go ahead.
Thank you I would like to welcome all of you to the conference call and thanks Cellcom Israel’s management for hosting this call today. With us here today are Mr. Nir Sztern, CEO and Mr. Yaacov Heen, CFO. Mr. Sztern will open by providing a summary of the main highlights of the first quarter 2012 results followed by Mr. Heen who will review Cellcom Israel’s Financial Performance in further detail. Before I turn the call over to Mr. Sztern I would like to remind our listeners that in this call management’s prepared remarks contain forward-looking statement which are subject to risk and uncertainties and management may make additional forward-looking statements in response to your questions.
Therefore, the company claims the protection of the Safe Harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995 and in the Israeli Securities Law 1968.
Actual results may differ from those discussed today and therefore we refer you to a more detailed discussion of the risks and uncertainties in the Company's filings with the Securities and Exchange Commission, including under Risk Factors in the Company's Annual Report for the year ended December 31st, 2011 20-F on March 7, 2012 with the SEC.