Monday, January 30, 2012

Bethel Finance: Mirs applies for international calls license

www.bethelfinance.com
Bethel Finance news:
Sources inform "Globes" that Mirs Communications Ltd. has applied for an international calls license for HOT Telecommunication Systems Ltd. (TASE: HOT), controlled by Patrick Drahi.

This represents a change of approach by HOT, which had originally planned to apply for the international calls license through its subsidiary HOT.net Ltd., which is also an Internet service provider (ISP) although at present it has had its license suspended.

HOT decided to make its international calls license application through mobile carrier Mirs, which it controls, so as not to delay the license and complicate matters with regulatory issues of structural separation. HOT's management concluded that it would be easier to obtain a license through Mirs.

"Mirs will strive to provide international calls independently and not through an existing supplier. While customers can choose an international call operator, in practice most customers prefer to receive cellular international calls through their mobile provider due to convenience and simplicity" Said Mr. Cedric Marmet(Bethel Finance Ltd).

This makes Mirs a natural provider of full international call services for the HOT Group especially with profits from roaming services being very high.

HOT believes that structural separation regulations will soon be scrapped so that the group can provide full international call services.

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