Hot Telecom ends Partner Communication acquisition talks

News General Israel 31 MRT 2020
Hot Telecom ends Partner Communication acquisition talks

Altice Europe has announced that its subsidiary Hot Telecom had decided to terminate discussions regarding the potential acquisition of Partner Communications. On 29 January, Hot had submitted an offer for 100 percent of Partner Communications. Hot already works with Partner on mobile roaming and a takeover would help it achieve a nationwide mobile network. 


 

Categories:

General

Companies:

Partner Communications,  Hot,  Altice Europe

Countries:

Israel

Tags:

Voice services, Wireless, Internet Access, M&A buyouts & divestments

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Israel's Hot offers to buy Partner Communications

Altice Europe has confirmed that its fully owned subsidiary in Israel, Hot has submitted an offer for 100 percent of Partner Communications. Hot already works with Partner on mobile roaming and a takeover would help it achieve a nationwide mobile network. Partner meanwhile would be able to build up its fixed business with access to Hot's cable network. 

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