Cellcom Israel's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Cellcom Israel Ltd. (CEL)

Q2 2012 Earnings Call

August 14, 2012, 11:00 am ET

Executives

Porat Saar - CCG Investor Relations, Israel & US

Nir Sztern - CEO

Yaacov Heen - CFO

Analysts

David Kaplan - Barclays Capital

Simon Marks - Citibank

Dan Harvard - Deutsche Bank

Louis DiPalma - William Blair

Presentation

Operator

Ladies and gentlemen, thank you standing by. Welcome to the Cellcom Israel Ltd. second quarter 2012 results conference call. All participants are present in listen-only mode. Following management’s formal presentation instructions will be given for the question-and answer-session. (Operator Instructions) As a reminder, this conference is being recorded, August 14, 2012.

I would now like to hand over the call to Ms. Porat Saar of CCG Investor Relations. Ms. Saar, would you like to begin?

Porat Saar

Thanks Rachel. I would like to welcome all of you to the conference call and thank Cellcom Israel’s management for hosting this call today. With us here are Mr. Nir Sztern, CEO and Mr. Yaacov Heen, CFO. Mr. Sztern will open by providing a summary of the main highlights of the second 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 the listeners that in this call management’s prepared remarks contain forward-looking statements which are subject to risks 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.

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