Communication

In a significant development within the Israeli communications market, the Fortissimo investment fund is set to acquire a controlling stake in Cellcom, a leading telecommunications company, at an estimated value of NIS 2.6 billion. The strategic move involves Fortissimo purchasing a substantial 36% holding from DSKSH for approximately NIS 925 million

HOT company will receive a discount for using Bezeq infrastructure for laying out optical fibers: the Ministry of Communications published a hearing for public comments, in which it proposes to immediately reduce the use of Bezeq passive infrastructure by telecommunications companies from NIS 446 per kilometer per month to NIS 250 per kilometer per month, a reduction of approx. -44% At the same time, the reduced price charged for access service to passive infrastructure that is in the Timretz area or that is in the infrastructure in an area beyond the Timretz area, NIS 107 per km or NIS...

Starting Wednesday, July 24, direct train service from Be'er Sheva to Tel Aviv will be halted until Saturday evening, July 27, due to essential track maintenance. This interruption affects travel between various key stations, impacting commuters and travelers in the region

The ongoing security situation in Israel has led to a sharp decline in international flights, with major foreign airlines announcing daily cancellations to and from the country. Notable aviation giants such as American Airlines, the Greek carrier Aegean Airlines, and the German Lufthansa Group have all decided to halt services to Israel for the foreseeable future. Air France has extended its suspension of all flights until November 12, while American Airlines has gone a step further, announcing that it will not fly to Israel until at least September 2025

The communications company Partner ended the third quarter of 2023 with a net profit of NIS 85 million, the highest quarterly profit for the company in the last 12 years. The results reflect an 8% increase in revenues and a strong performance across key sectors, including cellular, internet, and terminal equipment

Demonstrations were held across Israel on Saturday evening, demanding the immediate return of the 100 hostages held by Hamas and protesting the government’s handling of the situation. Thousands gathered in various locations, including the Kidnappers' Square at the Tel Aviv Museum Plaza and Begin Street, where activists expressed outrage over the government’s failure to secure the release of hostages

Travel plans for thousands of passengers were disrupted once again as several major European airlines extended their suspension of flights to and from Israel, citing ongoing security concerns

In light of the continuing state of emergency, public transportation across Israel will operate today (Sunday) in a reduced and emergency-focused format, prioritizing essential travel to hospitals, military bases, and evacuation points

Air raid sirens were activated across major communities in central Israel late Tuesday night, following a significant missile barrage launched from Iran. Residents from the Shephelah to the Sharon region sought shelter as dozens of projectiles were detected in Israeli airspace