The French businessman Patrick Drahi has increased his stake in the Israeli operator HOT Cable Systems. Drahi’s Cool Holdings recently took its stake to 33%, having purchased an additional 12.86% at a cost of NIS 342 million (€61.92 million).
Drahli’s influence is such that HOT chairman Isia Tchetchik and CEO Herzl Ozer yesterday (October 13) travelled to Paris for a strategic meeting. It comes ahead of plans by HOT to introduce a new DOCSIS 3-based high speed internet service.
Drahli, the founder of Altice, the key investor in the French cablenet Numericable, made his first investment in HOT in May this year.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.