Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hot Heads for Highest Close in Three Weeks on Share Buyback Plan

June 3 (Bloomberg) -- Hot Telecommunication System Ltd. headed for the highest close in almost three weeks after the board approved a plan to buy back as much as 184 million shekels ($47 million) of stock last week.

Shares of Israel’s second-largest fixed-line operator advanced 2.2 percent to 35.53 shekels, poised for the highest level since May 14, at 12.46 p.m. in Tel Aviv. The stock has rallied 9.1 percent in the past two trading days. The benchmark TA-25 index declined 2.2 percent.

Hot, which started offering mobile-phone services last month, said on May 31 the company plans to acquire about 3.2 million shares at 38 shekels each.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.