Hot Retreats as Globes Reports Ministry May Bar Package Services

Hot Telecommunication System Ltd. (HOT) declined for the third time this week as Globes reported Israel’s Ministry of Communications may bar the second-largest fixed-line operator from offering a package of its services.

The shares of Hot, a provider of Internet, fixed-line and cable television, retreated 3.2 percent to 40.91 shekels at 10:36 a.m. in Tel Aviv.

The ministry will publish its plans for the fixed-line telecommunications sector today, Globes reported, without saying how it obtained the information. Yechiel Shabi, a spokesman for the ministry, declined to comment.

To contact the reporter on this story: David Wainer in Tel Aviv at dwainer3@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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