Israeli telco group HOT Telecommunication Systems Ltd. (TASE: HOT) is rebranding as Altice in the name of its parent company owned by Patrick Drahi. The rebranding will take place gradually but will be completed by the end of the second quarter of 2018. Altice CEO Michel Combes said, “We are transforming from a holding company with a collection of different assets and brands around the world, to one unified global group with one single brand." RELATED ARTICLES Ministerial c'tee approves i24 news broadcasts in Israel Drahi’s i24news seeks to broadcast within Israel Patrick Drahi's Altice to buy Cablevision for $17.7b Moroccan-born Drahi has French and Israeli citizenship and lives in Switzerland. Altice has worldwide communications interests and is traded on the Amsterdam Stock Exchange with a market cap of $28 billion. Published by Globes [online], Israel business news - www.globes-online.com - on May 23, 2017 © Copyright of Globes Publisher Itonut (1983) Ltd. 2017
