Altice Says It’s Weighing a Bid for Israel’s Hot Telecom Unit

Altice International, owned by billionaire Patrick Drahi, has received an offer for its Israeli subsidiary, Hot Telecommunication Systems Ltd. The company is currently evaluating the potential sale of its Hot telecom unit. Altice International is a global telecommunications, media, and entertainment company with operations in several countries, including Israel. Hot Telecommunication Systems Ltd. is Altice's Israeli telecom business. The company has not provided any details about the potential buyer or the offer price. However, this move is seen as part of Drahi's strategy to streamline his business empire and reduce debt. Altice's decision to consider selling the Hot telecom unit comes as the company continues to focus on its core markets and divest non-core assets. The potential sale is likely to attract interest from various players in the Israeli telecom market. The article does not provide any further information about the timeline or the likelihood of the transaction being completed.