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Hot Retreats as Globes Reports Ministry May Bar Package Services

April 18 (Bloomberg) -- Hot Telecommunication System Ltd. 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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