What is Pelephone's offer for HOT Mobile?

Pelephone has offered up to 2 billion shekels, equivalent to $594 million, to acquire HOT Mobile from Altice International.

What type of agreement has Pelephone submitted?

Pelephone submitted a non-binding letter of intent regarding the acquisition, indicating that there is no assurance it will lead to negotiations or a deal.

What approval is needed for the acquisition?

Any potential deal would require approval from Israel's competition authority, which was not immediately available for comment.

HOT Mobile is owned by Patrick Drahi's Altice International, which has been exploring options to sell a minority stake in the company.

What is the significance of this acquisition in the telecom market?

The acquisition is significant as HOT Mobile is a major telecom rival to Bezeq, and it reflects ongoing consolidation in the Israeli telecom market.

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Home > Finance > Israel's Bezeq mobile unit offers to buy rival from Altice for $594 million

Finance

Israel's Bezeq mobile unit offers to buy rival from Altice for $594 million

Published by Global Banking & Finance Review®

Posted on July 16, 2025

1 min read

Last updated: January 22, 2026

Israel's Bezeq mobile unit offers to buy rival from Altice for $594 million - Finance news and analysis from Global Banking & Finance Review

Israel's Bezeq mobile unit offers to buy rival from Altice for $594 million

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Pelephone Proposes $594 Million Acquisition of HOT Mobile from Altice

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