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Israeli Competition Authority Approves HOT Mobile Sale Valued at 1.8 Billion Shekels

How 3 Israeli newsrooms covered this story — translated into English and compared side by side.

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By גולן חזני, כלכליסט

First reported by Calcalist · Aug 5, 2026

What happened

The Israeli Competition Authority approved the sale of HOT Mobile for 1.2 billion shekels, valuing the company at 1.8 billion shekels. The deal, involving Delek Israel, Keystone Fund, and Leumi Partners, now awaits Ministry of Communications approval. HOT Mobile serves 2 million subscribers and generates 1.5 billion shekels in revenue.

01Israeli Competition Authority approved HOT Mobile sale less than a week after signing.
02Delek Israel and Keystone Fund each hold 40%, Leumi Partners 20% in the acquisition.
03The deal values HOT Mobile at 1.8 billion shekels with a purchase price of 1.2 billion shekels.
04Bank Leumi provided 700 million shekels financing; partners invested 500 million shekels equity.
05HOT Mobile serves about 2 million subscribers and earns 1.5 billion shekels in revenue.
06Pelephone acquired Wikum for 265 million shekels after losing HOT Mobile bid.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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