Live Update 
From the Liveblog of
Monday, November 17, 2025
From the Liveblog of
Monday, November 17, 2025
Israeli cellphone giant Pelephone signs NIS 2.1b deal to acquire rival Hot Telecom
Add ToI as a Preferred Source on GoogleSharon Wrobel is a tech reporter for The Times of Israel
An illustration showing the logos of Pelephone and Hot Mobile displayed on a Pelephone screen in Jerusalem, November 17, 2025. (Yonatan Sindel/Flash90)
Cellphone giant Pelephone signs a non-binding agreement to buy rival Hot Telecom for NIS 2.1 billion ($652 million) from billionaire Patrick Drahi’s Altice International, Pelephone’s parent company Bezeq says in a regulatory filing.
Bezeq’s Pelephone mobile phone unit says a binding agreement for the deal will be subject to approval by Israel’s Communications Ministry and the Israel Competition Authority.
Pelephone has around 2.6 million customers, of whom over 1.5 million are 5G package subscribers.
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