0
General

Hot ready to sell 75% of Hot Telecom - report

Thursday 17 January 2019 | 11:18 CET | News
Israeli operator Hot is offering its Hot Telecom subsidiary for sale at valuation of ILS 5-7 billion, Globes reported, citing sources. Hot is willing to sell up to 75 percent of the shares in HOT, which would mean surrendering control of the company. At the same time, Hot is demanding a ILS 3 billion investment commitment for fibre optic deployment, and is undertaking to pay an investor a fixed per customer price for use of the new network.

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: General
Companies: Altice Europe / Hot
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

Hot Israel in fresh merger talks with Cellcom - report

Published 04 Dec 2019 08:28 CET | Israel
Israeli operator Hot has kicked off low-key negotiations with Cellcom even though the companies failed to reach agreement in ...

Hot denies reports Altice putting it up for sale

Published 04 Mar 2019 08:45 CET | Israel
Israeli operator Hot has denied a report that Altice, its parent company, intends to put it up for sale, reports Globes. The ...

Hot Mobile offers 100 GB for ILS 39/month for individuals, ILS 29 for three or more users

Published 17 Jan 2019 09:44 CET | Israel
Israel's Hot Mobile is offering 100 GB of internet access for ILS 39 per month for individual subscribers and ILS 29 per month ...

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 ...

Altice refinances part of debt

Published 16 Jul 2018 12:17 CET | Europe
Altice announced that it has refinanced and extended the maturity of a portion of its debt. The company said that it had priced ...





Calendar   /   Industry Events

26 Jan Cisco Live
28 Jan Grameenphone Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan Apple fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan KPN Q4 2019
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Line Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan Verizon Q4 2019
30 Jan NTT Docomo fiscal Q3
30 Jan Amazon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan FCC meeting
30 Jan The Things Conference
31 Jan KDDI fiscal Q3
::: More Calendar Items