February 27, 2015 9:17 PM ET

Wireless Telecommunication Services

Company Overview of HOT Mobile Ltd.

Company Overview

HOT Mobile Ltd. provides integrated wireless cellular communication services in Israel. Its offers services including dispatch two way radio, mobile intranet and Internet services, SMS, GPS, speaker phone, multimedia, roaming services, photo transmission from handset to handset, police speed trap warning based on GPS, personal information transmission using Vcard, multimedia handset with stills and video films, video graphics adapter camera, and media mail applications. HOT Mobile Ltd. was formerly known as MIRS Communications, Ltd. and changed its name to HOT Mobile Ltd. in May 2012. The company was founded in 1994 and is based in Tel Aviv, Israel. As of December 2011, HOT Mobile Ltd. opera...

3 Totzeret Ha'aretz Street

Tel Aviv,  67891

Israel

Founded in 1994

Phone:

972 3 565 8449

Fax:

972 3 537 1423

Key Executives for HOT Mobile Ltd.

Chief Executive Officer
Chief Financial Officer
General Manager and Vice President
Manager
Compensation as of Fiscal Year 2014.

HOT Mobile Ltd. Key Developments

Partner Communications Company Ltd. and Hot Mobile Ltd. Announce 50%-50% Joint Venture

Partner Communications Company Ltd. announced, following the company's release and immediate report dated November 8, 2013 regarding the entering into a network sharing agreement with HOT Mobile Ltd. ('Hot Mobile'), a wholly owned subsidiary of Hot Telecommunication Systems Ltd., that on May 22, 2014, the Antitrust Commissioner resolved to approve the NSA, subject to conditions. According to the NSA, the Company and Hot Mobile would create a 50%-50% joint venture which would operate and develop a cellular network to be shared by both Companies (inter alia, as a result of pooling both Companies' radio access network infrastructures to create a single radio access network). The JV will operate to optimize the Shared Network by reducing the number of network sites, while improving network coverage and capacity and introducing new technology, in order to improve network efficiency, optimize operating costs and reduce environmental impact.

Partner Communications Company Ltd Announces the Entering into a Network Sharing Arrangement with Hot Mobile Ltd

Partner Communications Company Ltd. announced the entering into a network sharing arrangement with HOT Mobile Ltd. Partner and Hot Mobile have entered into a 15-year network sharing agreement (NSA), the scope and terms of which are subject to approvals by the Israeli authorities, including the Antitrust Authority. Under this NSA, the parties will create a 50%-50% joint venture (JV), which would operate and develop a cellular network to be shared by both companies. This will be as a result of pooling both companies' radio access network infrastructures to create a single radio access network. Reportedly, this JV will operate to optimise the Shared Network by reducing the number of network sites, while improving network coverage and capacity and introducing new technology, in order to improve network efficiency, optimize operating costs and reduce environmental impact. Also, both companies will continue to compete and differentiate their services and each company will continue to retain and to operate its own core network, and will be responsible for providing cellular telecommunication services to its own customers, including the provision of customer service, value-added services, marketing and sales. According to the terms of the NSA, Hot Mobile will pay Partner a onetime amount, which will be paid by the beginning of year 2017, and afterwards each party will bear half of the capital expenditure (CAPEX) required for the erection of new network sites and the upgrade of the Shared Network. The bearing of the operating costs of the Shared Network will be according to a mechanism that was set and which is based on the scope of the traffic in the Shared Network that each party will use. Also, as an intermediate phase, Partner and Hot Mobile have entered into a rights of use agreement, which will be valid until no later than 31 December, 2016 (ROU), under which Partner will grant Hot Mobile, when possible, rights of use of its cellular network in order to supplement Hot Mobile's network coverage. According to the ROU, Hot Mobile will pay Partner fixed base payments with additional variable payments, mainly determined by the volume of traffic.

Partner Communications Announces Network Sharing Arrangement with Hot Mobile

Partner Communications Company Ltd. announced the entering into a network sharing arrangement with HOT Mobile Ltd. Partner and Hot Mobile have entered into a 15-year network sharing agreement (NSA), the scope and terms of which are subject to approvals by the Israeli authorities, including the Antitrust Authority. Pursuant to the NSA, the parties would create a 50%-50% joint venture (JV), which would operate and develop a cellular network to be shared by both companies. The JV will operate to optimize the Shared Network by reducing the number of network sites, while improving network coverage and capacity and introducing new technology, in order to improve network efficiency, optimize operating costs and reduce environmental impact. Both companies will continue to compete and differentiate their services and each company will continue to retain and to operate its own core network, and will be responsible for providing cellular telecommunication services to its own customers, including the provision of customer service, value-added services, marketing and sales. According to the provisions of the NSA, Hot Mobile will pay Partner a onetime amount, which will be paid by the beginning of year 2017, and afterwards each party will bear half of the capital expenditure (CAPEX) required for the erection of new network sites and the upgrade of the Shared Network. The bearing of the operating costs of the Shared Network will be according to a mechanism that was set and which is based, inter-alia, on the scope of the traffic in the Shared Network that each party will use. As an intermediate phase, Partner and Hot Mobile have entered into a rights of use agreement, which will be valid until no later than December 31, 2016 (ROU), under which Partner will grant Hot Mobile, when possible, rights of use of its cellular network in order to supplement Hot Mobile's network coverage. According to the ROU, Hot Mobile will pay Partner fixed base payments with additional variable payments, mainly determined by the volume of traffic. The network sharing arrangement is expected to increase the capacity, to improve the coverage and quality and to accelerate the development of Partner's cellular network infrastructure, while reducing operating costs. The Shared Network will offer significant environmental benefits for the citizens of the State of Israel by reducing the number of network sites, gaining not only visual improvement but also a reduction in power consumption and required maintenance. The network sharing arrangement marks an additional step in the adjustment of Partner's operational structure to the changing market conditions, while continuing to allocate resources to improve the advanced services that the company provides its customers on the most advanced cellular network in Israel.

Similar Private Companies By Industry

Company Name Region
Connect2Media Middle East Middle East/Africa
Cellenium Ltd. Middle East/Africa
Contop Ltd. Middle East/Africa
Pelephone Communications Ltd. Middle East/Africa
Golan Telecom Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HOT Mobile Ltd., please visit www.hotmobile.co.il. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.