Hot

Hot Telecommunication Systems Ltd. is a company that provides cable television, last-mile Internet access, broadband and telecommunication services in Israel. It also provides various data transmission services and network services at different rates, services to the business sector and other ancillary services. In November 2004, Hot Telecom commenced providing domestic fixed line telephone services to residential and business subscribers. The company’s shares were traded on the Tel Aviv Stock Exchange and was a constitute of the TA-100 Index until its acquisition by Altice. In March 2013, the company employed 3,958 workers. History The company was founded on 18 August 2003 as union of the three national cable companies in Israel: Matav, Tevel and Golden Channels that can be directly linked to the growing competition of the local satellite television provider Yes. While these companies had pursued a union since the late 1990s in order to save administrative and content purchasing costs, and especially after Yes was founded in order to stop it before it could grow, the Israeli government monopoly regulator had denied it until the time when Yes had grown at least a minimum subscriber base. The three original companies had not competed with each other since each had been regulated with specific cities and regions.