Keystone Communications Head Departs Ahead of Elections

With 22 days remaining until the elections, Liran Avishar Ben-Horin, number 5 on Naftali Bennett's "Bechd" list, is resigning from her role managing the communications arm of the Keystone fund. Ben-Horin recently led the fund's NIS 1.8 billion deal to acquire Hot Mobile. She will be replaced by Tal Alimalech, a former senior official in the Ministry of Communications.

Ben-Horin, who previously served as Director-General of the Ministry of Communications, established Keystone's communications division. In addition to the Hot Mobile acquisition, she was responsible for establishing a data center campus at the IPM site, planning additional campuses, and other initiatives within the fund's management. Keystone also holds a stake in the Egged bus company, among other assets.

Ben-Horin's departure comes as she runs for the Knesset and intends to take a senior economic role. Accepting such a position would require her to sign a conflict of interest agreement, preventing her from engaging in activities related to her work at Keystone. Alimalech previously served as a senior deputy director-general for strategy, planning, and innovation at the Ministry of Economy. His current role is head of the innovative transportation systems and experiments department in Ayalon Highways' technology and innovation division.

Keystone stated that Alimalech will manage the fund's communications activities, K-Comm, and oversee the expansion of Keystone's operations in cellular, fiber optics, data centers, and digital infrastructure. Keystone's stock has surged 106% since the beginning of the year, reaching a market value of NIS 4.3 billion. The company concluded the first half of 2026 with a net profit of NIS 64 million.