Hot Telecom to compete with Bezeq by end-2004

26 Nov 2003

Israel’s Ministry of Communications has finally agreed to the merger of the country’s three cable operators – Matav-Cable, Tevel and Golden Channel – on the condition that they launch fixed line voice telephony services within one year. The three companies have set up a partnership called Hot Telecom and are planning to spend up to USD100 million getting their voice services off the ground. Within five years the venture is aiming for a double digit share of the fixed line market, currently the de facto monopoly of incumbent operator Bezeq, despite the July 2001 Telecommunications Law officially granting the cable firms licences to offer communications services, including voice telephony, data communications and high speed internet.