Acquiring Company
Delek Israel
Acquired Company
HOT Group
IsraelIsraelEnergyOil And GasRenewable EnergyHardwareMobileVoipDescription
Delek Israel has completed the acquisition of the HOT Group, a major mobile phone provider, for approximately NIS 1.88 billion. This acquisition aims to strengthen Delek's position in the telecommunications market. The HOT Group has led the Israeli mobile sector for 15 years, providing significant customer service and technological advancements. The transition will focus on maintaining service continuity for existing customers.
Fundz sees it the moment Delek Israel makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired HOT Group?
HOT Group was acquired by Delek Israel, based in Israel. The deal was reported on October 5, 2026. Delek Israel is a major energy company in Israel, focused on fuel retailing and energy distribution. The company operates a network of fuel stations and engages in various sectors of the energy industry. Delek Israel is privately held and operates in Energy.
When did Delek Israel acquire HOT Group?
Delek Israel's acquisition of HOT Group was reported on October 5, 2026. Delek Israel has completed the acquisition of the HOT Group, a major mobile phone provider, for approximately NIS 1.88 billion. This acquisition aims to strengthen Delek's position in the telecommunications market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HOT Group do?
HOT Group is a leading telecommunications provider in Israel, offering mobile, television, and internet services. Established in 2011, it quickly became a significant player in the mobile sector. It is privately held, operating in Hardware, and is based in Israel.
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