May 24, 2016 4:16 AM 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. oper...

3 Totzeret Ha'aretz Street

Tel Aviv,  67891

Israel

Founded in 1994

Phone:

972 3 5658 4343

Fax:

972 3 609 4588

Key Executives for HOT Mobile Ltd.

Chief Executive Officer
Chief Financial Officer
General Manager and Vice President
Manager
Deputy General Manager of Operations
Compensation as of Fiscal Year 2015.

HOT Mobile Ltd. Key Developments

Investors Reportedly Eyes Stake In Golan

The sale process for Golan Telecom Ltd. is gaining momentum. Sources inform "Globes" that three other Israeli operators have expressed interest by entering the company's information room: Cellcom Israel Ltd. (TASE:CEL), Pelephone Communications LTD. and HOT Mobile Ltd., Partner Communications Company Ltd. (NasdaqGS:PTNR) has decided not to be a part of the process. Some market sources also believe that Xfone owner Hezi Bezalel is also interested in buying Golan. As part of the process, companies interested in acquiring Golan Telecom have been asked to appoint a 'clean team" of external advisors, that are not employees, as a requirement before entering the information room. The interested parties appointed teams comprising lawyers, economists, and consultants to check out the information and present their conclusions. Golan is swapping drafts with lawyers and the target is for bids to be made by the end of the month.

Partner Communications Announces Network Sharing Agreement with HOT Mobile Ltd

Partner Communications Company announced that Israeli regulators approved the company's network sharing agreement with HOT Mobile Ltd. The shared cellular network of Partner and Hot Mobile will be operated through a joint venture to optimize its shared network sites, and improve coverage and capacity.

Partner Communications Ltd. Forms Joint Venture with Hot Mobile Ltd. to Manage Their Shared Network; Partner Communications Ltd. and Hot Mobile Ltd. to Lay Off up to 55 Maintenance Employees

Partner Communications Ltd. signed an agreement with its employees, allowing it to implement its network merging agreement with HOT Mobile Ltd. As part of the agreement, dozens of employees will be fired by Partner and Hot Mobile. The joint venture will be managed by Partner VP engineering Eyal Iluz. The Histadrut (General Federation of Labor in Israel) was a party to the agreement. Partner has 115 employees maintaining its cellular network of whom 35 will be fired and the remainder will be employed by the joint venture. Hot Mobile has 70 employees maintaining its network of whom 10-20 will be let go with 50 joining the new venture.

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