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A multinational broadband and mobile communications group headquartered in Amsterdam.
Through its Israeli subsidiary, Hot Telecommunication Systems, the company holds a special permit from the Israeli Civil Administration (ICA) for the provision of cable television and telecommunication services to Israeli settlements in the occupied Palestinian territory. The license is valid through November 2023.
As of March 2018, Hot Mobile, another fully owned Israeli subsidiary, has 288 active cellular antennas and telecommunication infrastructure facilities in the occupied West Bank, East Jerusalem and Syrian Golan, out of which 243 are part of its joint network with Partner Communications. The company has an additional 15 antennas in no-man’s-land areas and another antenna in the Erez checkpoint near Gaza. Some of this infrastructure is located on confiscated private Palestinian land. For its license to operate in Area C of the occupied West Bank, Hot Mobile has provided the ICA with a bank guarantee of 4 million NIS valid through December 2022. Hot Mobile also pays royalties to Israeli settlements.
Additionally, Hot and Hot Mobile operate multiple sales and customer service centers in the settlements of Ma’ale Adumim and Kiryat Arba in the occupied West Bank and the settlement neighborhood of Pisgat Ze’ev in occupied East Jerusalem. Hot Mobile also won a tender to supply cellular devices to municipal employees in the settlement of Maale Adumim in the occupied West Bank.
Additionally, the company enjoys the structural advantages of Israeli cellular services providers over Palestinian competitors in the Palestinian market. Hot Mobile operates four sales and customer service centers in Palestinian neighborhoods in occupied East Jerusalem, an area that is off limits for the Palestinian cellular companies and therefore constitutes a captive market.
Hot Mobile operated the communication network installed in the Jerusalem light rail’s motor coaches. The train connects settlement neighborhoods in occupied East Jerusalem with the western part of the city.
Between 2005 and 2011, Hot Mobile was the exclusive provider of cellular phone services to the Israeli army; this included the infrastructure set for use throughout the occupied Palestinian territory. There are reports of the company having at least 200 antennas set inside military bases of the Israeli army. Who Profits was able to confirm that the company holds four cellular antennas in military checkpoints across the occupied West Bank.
Hot Mobile also provided communication services to Israel Police and the Israeli Population and Immigration Authority.
Ownership
The company is ultimately controlled by Patrick Drahi through his holdings in Next Alt S.à r.l., which holds 60.31% of Altice’s share capital.
Additional shareholders include EuroPacific Growth Fund (5.17%), The Goldman Sachs Group Inc. (3.04%), FMR LLC (2.91%) and Carmignac Gestion S.A. (0.61%).
CEO: Alain Weill
Altice is publicly traded on Euronext Amsterdam under the ticker symbols ATC and ATCB.
Subsidiaries
The company has dozens of subsidiaries worldwide.
Wholly owned Israeli subsidiaries: Cool Holdings Limited S.A., H. Hadaros 2012 Ltd, Hot Eidan Israel Cable System 1987 Ltd, Hot Mobile Ltd, Hot Net Internet Services Ltd, Hot Telecom Ltd, Hot Telecom Ltd Partnership, Hot Telecommunications Systems Ltd, Isracable Ltd, Middle East News Ltd, South Sharon Communications (1990) Ltd
Partially owned Israeli subsidiaries: PHI (50%) Princeton Video Image Israel, Ltd. (70.2%) TAT S.à r.l (26.0%), Zira Ltd. (20%)
Partners
The company has partnerships with Netflix, NBCUniveral and Discovery Communications and operates i24news through its subsidiary Altice Media Group.
Altice’s largest clients include Orange, Bouygues Telecom, Free Mobile, Vodafone, NOS and Verizon.
All the information contained in this page is valid until Tue 03/07/2018
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