The Bezeq Pelephone Mobile Unit made the offer to Patrick Drahi’s ALTICE International, which owns Hot.
Bezeq Israel Telecommunications Compa Ltd. (level:BindingThe Piephone mobile unit has informed the Tel Aviv Stock (Tase) that it made an offer to Altice International, owned by Patrick DRAHI, to buy Hot Mobile for 2 billion NIS.
Bizaq says that the intention document includes a plan for non -binding primary actions, and if a binding agreement is signed at the end of the operation, its implementation will be subject to organizational approvals – including from the Ministry of Communications and the Competition Commission in Israel. It has already been reported that Drai is looking for a company buyer.
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Pelepon, led by CEO Ilan Sejal, is part of the Bisak group and a sister company of yes, has about 2.6 million subscribers, of whom more than 1.5 million in 5G – was the first to run an independent 5G network. The largest competitor in Pelephone is Cellcom, which includes about 3.5 million subscribers, which last November moved in cooperation with a lane – but in the TV field. Two companies requested an exemption from a restricted arrangement for this purpose, and last month the Competition Commissioner issued messages to Cellcom and Hot, in reference to the potential harm to the competition in the Internet TV market.
It was published by Globes, Israel Business News – En.globes.co.il – on July 15, 2025.
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Pelephone CEO of Pelephone some credit: Rami Zarnageer
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