/PRNewswire/ Friendly Technologies, the IoT and device management company, announced that it had been selected to provide device management services to Hot.
/PRNewswire/ Friendly Technologies, the IoT and device management company, announced that it had been selected to provide device management services to Hot.
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Cellcom Israel Announces Israeli Minister of Communications Approval for Hot Group to Join IBC
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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