Israel-based mobile operators Hot Mobile and Partner Communications, which operates under the Orange brand, have agreed to share their network assets.
Telecoms investment firm Altice, which has a stake in Hot Mobile, said the companies will each own…
Israel-based mobile operators Hot Mobile and Partner Communications, which operates under the Orange brand, have agreed to share their network assets.
Telecoms investment firm Altice, which has a stake in Hot Mobile, said the companies will each own half of a newly-formed partnership, which will operate an advanced shared mobile network by pooling antennas and frequencies.
The deal will allow Hot Mobile to deploy an LTE network and launch 4G services.
“While Hot Mobile and Partner will continue to maintain and operate separate core networks, Partner has agreed to grant Hot Mobile a right of use in its cellular communication network for the purpose of providing nationwide cellular coverage to Hot Mobile’s customers,” Altice said in a press release.
The agreement, which is subject to certain regulatory approvals, runs for 15 years with a provision for automatic renewals in five year increments after 2028.
Financial details have not been disclosed.
