Hot Mobile sold to Delek Israel and its partners, after HOT rejected Pelephone

Key points • HOT Group completed today the sale of Hot Mobile to a partnership of Delek Israel, Kiston and Leumi Partners, at a value of about 1.88 billion shekels • Ownership is transferred to investment and infrastructure entities, after Altice rejected an offer from Pelephone worth 2.3 billion shekels due to concerns about concentration in the mobile market • More than two million private and business customers are moving to the new owners, and HOT notes that ...

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Curated from Gadgety. Classified as Business & Technology by AI, which sometimes makes mistakes.