HOT rumoured to be considering company split, bringing in strategic investor

7 Dec 2018

Israel’s HOT Telecommunication Systems is reportedly giving thought to separating the company into two, comprising a new services-focused company and a dedicated infrastructure provider, according to Globes Online. In addition, the report – which cites unnamed sources – suggests that HOT could also look to bring in a strategic partner to the infrastructure company with a view to enabling the upgrade of its network.

Any move to bring in a strategic investor would require the approval of the Ministry of Communications (MoC), which has chimed in with the following: ‘The [MoC] sees communications infrastructures as national infrastructures and leads a policy that encourages national deployment based on fibre-optics. The [MoC] would welcome the HOT Group recruiting a strategic investor to invest in an advanced infrastructure.’

Israel, HOT Telecommunication Systems