Hot launches 1 Gbps fiber optic services
Hot CEO Tal Granot-Goldstein says prices for packages will be published in 10 days.
HOT Telecommunication Systems Ltd. announced this morning the launching of its fiber optic network. Hot CEO Tal Granot-Goldstein said that the company was at the dawn of a very major revolution.
She said, The launch of Hot s fiber optic network is a defining moment. Ultimately we are a company in the forefront of technology both in fiber optics and 5G. This is going to stir up a dramatic revolution and give a push to the market. By 2025, we will reach two million households together with IBC.
Bezeq to launch fiber optic project in two weeks
The Israeli telecom company will invest billions of shekels in the project, which will greatly improve broadband internet speeds.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) announced today that it is officially launching its fiber optic project on March 14. At the launch event, it will reveal all the details about packages and speeds. Globes reported exclusively yesterday that Bezeq has already contacted Internet Service Providers (ISPs) and asked what they would be charging for packages and that the Ministry of Communications was preventing Bezeq from supplying broadband internet infrastructure and ISP access as one product but only as reverse bundles through ISPs. Bezeq has despaired of overcoming this separation.
Developing Telecoms
Newsletter Sign Up
Keep up-to-date with the latest telecoms news in emerging markets globally. Subscribe to Developing Telecoms FREE weekly newsletter.
Afghanistan
Bosnia and Herzegowina
Cook Islands
Samoa
South Sudan, Republic of
Sweden
Uruguay
Business/Industry/Finance User
Your personal data will not be shared with third parties. Click here to view our privacy policy.
2309
Israel’s Cellcom has filed a lawsuit in the Tel Aviv District Court accusing its rival Xfone of illegally terminating their network sharing agreement.
According to CommsUpdate, Xfone failed to pay its dues under the terms of the agreement for both November and December 2020, before sending Cellcom an annulment notice for the deal in January 2021. The network sharing agreement was originally cleared by Israel’s Ministry of Communications in March 2017.
Cellcom Israel Announces Israeli Minister of Communications Approval for Hot Group to Join IBC
USA - English
Share this article
Share this article
NETANYA, Israel, Feb. 8, 2021 /PRNewswire/ Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the Company ) announced today that following its previous announcement regarding an investment transaction between the Company, the Israel Infrastructure Fund and Hot Telecommunication Systems Ltd. in IBC Israel Broadband (2013) Ltd., or IBC, the Israeli Minister of Communications, or MOC, granted its approval for the transaction, which completes the regulatory approvals and changes required for the completion of the transaction. The MOC s approval includes certain amendments to IBC s license, including an obligation to reach 1.7 million households within 5 years, substantially in line with the investment agreement, and an obligation to provide a shelf proposal to any operator interested in purchasing its services. The completion o
Developing Telecoms
Newsletter Sign Up
Keep up-to-date with the latest telecoms news in emerging markets globally. Subscribe to Developing Telecoms FREE weekly newsletter.
Afghanistan
Bosnia and Herzegowina
Cook Islands
Samoa
South Sudan, Republic of
Sweden
Uruguay
Business/Industry/Finance User
Your personal data will not be shared with third parties. Click here to view our privacy policy.
2859
Israel’s Competition Commissioner has cleared a joint investment by Cellcom, Hot Telecommunication Systems and the Israel Infrastructure Fund (IIF) into Israel Broadband Company (IBC).
As reported by CommsUpdate, in September 2020 Cellcom and HOT confirmed that they had entered an investment transaction consisting of “several agreements”, including deals made through the IBC Partnership. Through this partnership, Cellcom and IIF jointly hold 70% of IBC’s share capital.