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HOT Group sells HOT Mobile for NIS 1.88 billion

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Story summary
  • HOT Group sold its mobile unit HOT to Delek Israel, Keystone, and Leumi Partners for about NIS 1.88 billion.
  • Buyers paid roughly NIS 1.218 billion in cash, raising HOT Group’s earnings to about NIS 2.2 billion.
  • CEO Tal Granot said new owners will keep service standards, nationwide coverage, and value.
  • HOT Mobile will focus on transition to ensure continuous operations and uninterrupted service.