0
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. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: TeleCommunication Systems
Countries: Israel
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Last week in telecoms: Zayo joins takeover candidates, Intelsat loses some of its luster and Vodafone issues a convertible

Published 11 Mar 2019 07:00 CET | Europe
The Telecompaper Stock Index European Telecoms narrowed its year-to-date underperformance relative to the EuroStoxx 50 index in ...

Hot ready to sell 75% of Hot Telecom - report

Published 17 Jan 2019 11:18 CET | Israel
Israeli operator Hot is offering its Hot Telecom subsidiary for sale at valuation of ILS 5-7 billion, Globes reported, citing ...

Hot mulls seeking investor to develop fibre, may split into services and infrastructure

Published 04 Dec 2018 10:46 CET | Israel
Israeli operator Hot is considering splitting into two companies, one for services and one for infrastructure, and to bring a ...





Calendar   /   Industry Events

15 Oct Broadband World Forum 2019
16 Oct Netflix Q3 2019
16 Oct Limelight Networks Q3 2019
16 Oct Dtac Q3 2019
16 Oct Crown Castle Q3
16 Oct Berec stakeholder forum
17 Oct Ericsson Q3 2019, Investors day
17 Oct Elisa Q3 2019
17 Oct Telia Q3 2019
17 Oct Central European Media Q3 2019
17 Oct Tele2 Q3 2019
18 Oct Digi Q3 2019
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct Calix Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct AT&T Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Netgear Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Annual Customer Service Summit
::: More Calendar Items