HOT Telecommunication Systems Ltd. agreed to acquire 23.3% stake in IBC Israel Broadband Company (2013) Ltd. from Cellcom Israel Ltd. (TASE:CEL) for ILS 170 million on January 20, 2021. The deal would leave Hot and Cellcom with a 23.3% stake each in IBC. The deal is still subject to approval by the Ministry of Communications. The Israel Competition Authority approved the transaction. As on February 8, 2021, the transaction was approved by the Israeli Minister of Communications, or MOC and the completion is expected to occur in coming days.