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Israel approves Hot Group to join IBC

Monday 8 February 2021 | 16:17 CET | News
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Israel's Ministry of Communication has granted its approval for Hot Group to join Israel Broadband (IBC), completing the regulatory approvals and changes required for the transaction to complete. Cellcom said in a statement that the ministry's approval includes certain amendments to IBC's license, including an obligation to reach 1.7 million households within five years, substantially in line with the investment agreement, and an obligation to provide a "shelf proposal" to any operator interested in purchasing its services.

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Categories: Mobile & Wireless
Companies: Cellcom Israel
Countries: Israel
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Related Info

Israeli competition commissioner approves Hot Group to join IBC
21 Jan | Israel | News
Cellcom says Hot joins Israel Broadband partnership with 23% stake
15 Sep 2020 | Israel | News

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