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Wireless

Hot denies reports Altice putting it up for sale

Monday 4 March 2019 | 08:45 CET | News
Israeli operator Hot has denied a report that Altice, its parent company, intends to put it up for sale, reports Globes. The statement comes among reports Hot is ready to sell a controlling stake in subsidiary Hot Telecom, with a 75 percent stake valued at ILS 5-7 billion. It was also reported that Hot had hired the Morgan Stanley to search for an investor for the stake in Hot's landline infrastructure arm. No progress has been made, however, because of the high price set by Altice. Recent reports also said Altice wants to bring in an investor for Hot's telecom activities in Israel. 

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Categories: Mobile & Wireless
Companies: TeleCommunication Systems
Countries: Israel
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