Visit COAT's website

Click here to SIGN
COAT's online PETITION now!

Stop CPP investments in firms selling military, police, spy or prison-related products
to Israel


in 2011

$3 million

This is the online version of
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
(Here's a coupon to subscribe, renew, order copies or make a donation to COAT.  To pay online, use the "Transfer Funds" button at the COAT homepage.)

Investments in Cellcom by other
Top Canadian Pension Funds:
Take action!
Find out what you can do to help this campaign.


Total = $4,219,000

This major telecom company is "the largest Israeli cellular operator." The company is controlled by the Israel Discount Banks’ IDB Holding Corp. through the Discount Investment Corp. (DIC) which owns about 53% of Cellcom’s shares. (See IDB in table "CPP Investments.")

In 2009, Israel’s Globes business paper reported that Cellcom won "a Ministry of Defense tender to provide some landline telephony services for the IDF [Israel Defense Force]…. Cellcom will provide 50-100 hookups to switchboards at IDF bases."

Cellcom’s CEO, Amos Shapira, called "this tender a vote of confidence by the IDF in the capability and reliability of the company’s technology and services in general."

This 2009 deal came one month after Cellcom broke Bezeq’s longstanding monopoly over phone contracts with Israel’s military.

That summer, on the fifth anniversary of the International Court of Justice declaration that Israel’s separation wall is illegal, Cellcom ran an ad campaign on Israeli TV depicting soldiers patrolling the wall. When a soccer ball came over the wall, dozens of machine-gun toting Israeli troops jumped from their jeeps to "have some fun" playing with the unseen Palestinians. The ad was "extensively criticized for making light of the Palestinian suffering inflicted by the West Bank barrier," said Israel’s Haaretz newspaper.

In response to Cellcom’s ad, a video posted to YouTube showed what really happens when Palestinians kick a soccer ball over Israel’s razor wire-topped separation barrier. In the video, armed Israeli troops respond to the soccer ball by firing numerous volleys of tear gas at the Palestinian activists.

The "Who Profits from the occupation" database also says Cellcom

"erected close to two hundred antennas and telecommunication infrastructure facilities on occupied land in the West Bank and the Golan Heights. The company provides cellular communication services to the settlers and Israeli soldiers in the occupied territory."

Cellcom’s wholly-owned subsidiary, NetVision, was acquired for US$427 million in 2011. As early as

2002, this Israeli internet and phone company was one of two IDF Internet Service Providers (ISP). NetVision retained this ISP contract until 2009.

Since 2006, Cellcom’s board of directors has included retired Brigadier General Shlomo Waxe. Before serving as the Director General of Israel’s Ministry of Communications (1993-1997), Waxe was a commanding officer of the Israeli military’s signal, electronics and computer corps (1990-1993).

Another Cellcom executive with military ties is Eliezer Ogman. With Cellcom since 1994 and its Chief Technology Officer since 2000, Ogman is a retired Lieutenant Colonel who "served in the signal, electronics and computer corps" of the Israeli military.



COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and prison-related products.

To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66.  Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):

pdf  3M Co
Amdocs Ltd
pdf  Analog Devices Inc

pdf  AT&T
pdf  BAE Systems
pdf  Bank Hapoalim
pdf  Bezeq
pdf  Bharat Electronics Ltd
pdf  CAE Inc
pdf  Carlyle Group
pdf  Caterpillar Inc
pdf  Cellcom Israel
pdf  Cemex
pdf  Cisco Systems
pdf  CRH plc
pdf  Daewoo Engineering & Construction
pdf  Daimler AG
pdf  Delek Group
pdf  Dell Inc
pdf  Discount Investment Corp
pdf  Doosan Corp
pdf  Eaton Corp
pdf  Elbit Systems
pdf  EMC Corp
pdf  Evraz Group
pdf  Fiat Industrial
pdf  Fiat SpA
pdf  Finmeccanica
pdf  Fujitsu Ltd
pdf  Hewlett-Packard Co
pdf  Hitachi Ltd
pdf  Honeywell International
pdf  Hyundai Motor Co
pdf  Hyundai Heavy Industries

Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus

State-owned Israeli War Industries:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.

Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT.

Social Networking - Facebook
Stir things up with friends by joining our Facebook group:
"Stop Canada Pension Plan Investments in Israeli Apartheid"


Cellcom Israel Ltd.

Discount Investment Corp, Wikipedia

"Cellcom wins IDF landline deal," Globes, August 25, 2009.

Amitai Ziv, "Cellcom breaks Bezeq’s monopoly over government phone services," Haaretz, August 8, 2009.

Oded Yaron, "Soccer game or tear gas? Palestinians put controversial ad to test," Haaretz, July 22, 2009.

A response to Israeli Cellcom advert

Cellcom Israel

"The Cellular Companies and the Occupation," Newsletter, Who Profits, August 2009.

"Cellcom and NetVision complete merger," TMT Finance, August 15, 2011

Gad Perez, "IDF chooses Bezeq Int’l as ISP," Globes, September 9, 2009.

Nissim Atias

Shlomo Waxe

Eliezer (Lipa) Ogman