Cellcom has writen off the company's shares from trading on the New York Stock Exchange

Cellcom has announced that the company's board of directors has decided to voluntarily write off the company's shares from trading on the New York Stock Exchange (NYSE), so that the company's shares will continue to be traded on the Tel Aviv Stock Exchange only.
The Company's Board of Directors has decided that the current dual listing structure, according to which the Company's shares are listed on the New York Stock Exchange in addition to listing its shares on the Tel Aviv Stock Exchange, is not necessary today.
Since the vast majority of the company's shares are traded on the Tel Aviv Stock Exchange and most of its activity takes place in Israel, it would be right for it to end its listing on the New York Stock Exchange and reduce the company's expenses related to further trading in the US.
The company further stated: "Cellcom will continue to maintain the same level of transparency and responsibility and will continue to provide investors with timely updates, including periodic reports." The company's last trading day on the New York Stock Exchange is expected to be February 8, 2021.