Here’s an interesting theory from todays Canada’s Globe & Mail (Eric Reguly):
“One of Italy’s top security experts, Umberto Rapetto, a former commander of the high-tech crime unit of the Guardia di Finanza, or Financial Guard, the semi-military national police force within the Ministry of Economy and Finance, said the pager attacks had a Mission Impossible nature about them. But he played down the reports the explosives might have been planted somewhere around their supply chain.
He told The Globe he believed Hezbollah itself planted explosives in the pagers as a security measure. “If a Hezbollah member were captured with his pager, his captors could examine the communication history stored in the devices,” he said. “To avoid this risk, Hezbollah must be able to render the devices unusable in a hurry.”
He said it is possible that Israel’s intelligence agencies intercepted, or were leaked, the destruction codes for each device. “They could then send the codes to those thousands of devices all at once to the pagers’ network,” he said.”
TLDR: a theory that Hezbollah wanted the pagers to be explodable when they bought them, as a security destruction mechanism.