Sale of HOT Mobile to Delek Israel, Keystone and Leumi Partners

The HOT Group announced that the sale of its mobile, television and internet operations—collectively HOT Mobile—was completed for approximately NIS 1.88 billion. The transaction transferred ownership to a consortium of Delek Israel, Keystone and Leumi Partners. The cash consideration received by the HOT Group amounted to roughly NIS 1.218 billion. The deal follows the group’s earlier divestiture of its stake in the IBC fiber venture, which closed in June 2025 for an estimated NIS 520 million, bringing total earnings from recent sales to about NIS 2.2 billion.

The Jerusalem Post

HOT Mobile entered the Israeli market in 2011 after acquiring Mirs and rebranding the service. Over 15 years the company grew to serve an estimated two million private and business customers, positioning itself as a key driver of competition in the Israeli mobile sector. During that period HOT invested in infrastructure that enabled the rollout of 4G and 5G networks across the country.

The Jerusalem Post

Tal Granot, CEO of the HOT Group, said the company was being sold “at its peak” and expressed confidence that the new owners would preserve service standards, nationwide coverage and the value proposition for mobile customers. The HOT Group’s statement emphasized a focus on a smooth transition, with the primary goal of maintaining operational continuity and uninterrupted service for existing subscribers.

The Jerusalem Post

• “Thanks to technological advancement, outstanding service, and a drive for innovation, we offered advanced services to both private and business customers, thereby steadily increasing our subscriber base and the company’s financial strength,” — Tal Granot, CEO of the HOT Group

The Jerusalem Post