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Israel s Largest Mobile Telecom Provider to Delist its Shares from Wall Street Published January 21st, 2021 - 09:00 GMT During the past 12 months, the company s shares were for the most part well under 100,000 shares traded daily. (Shutterstock) Israel s largest mobile telecom provider, Cellcom Israel Ltd. (NYSE:CEL) announced it will be voluntarily delisting its shares from trade in New York. The company will maintain its shares on the Tel Aviv Stock Exchange (TASE: CEL) making it the primary and only listing. The company reported Tuesday that its dual listing was unnecessary in today s increasingly globalized trading environment, where equity investors can access any international stock, regardless of where it is listed, in a board of director s ....
Joshua Shuman Costs and challenges of NY listing too much for Cellcom Israel’s largest mobile telecom provider, Cellcom Israel Ltd. (NYSE:CEL), announced it will be voluntarily delisting its shares from trade on the New York Stock Exchange. The company will maintain its shares on the Tel Aviv Stock Exchange (TASE: CEL) making it the primary and only listing. The company reported Tuesday that its dual listing was “unnecessary in today’s increasingly globalized trading environment, where equity investors can access any international stock, regardless of where it is listed,” in a board of director’s statement. Cellcom has approximately 3.6 million mobile subscribers making it the country’s largest cellular services provider. In addition, it has close to 290,000 broadband subscribers and its OTT television service, which provides content over the internet, has 251,000 users for a 14% market share. ....