Vodafone Greece has offered to acquire the stake in fixed telephony and broadband player Hellas Online that it was not able to secure in a deal closed at the end of November, in an effort to secure 100 per cent …
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Vodafone has agreed to acquire a majority holding in Greek fixed line operation Hellas Online. The company will purchase 72.7 per cent of the share capital from Intracom Group and World Equities Investments for €72.7m. Vodafone Greece already holds 18.5 per cent of Hellas Online, with the most recent transaction taking its ownership to 91.2 per cent.
The battle for control of Greece’s leading alternative fixed line operator continues apace, with OTE joining the fray on Tuesday. The Greek carrier launched a bid of between €250-300m on a debt-free cash-free basis for the pay TV operation, Nova, which is owned by Forthnet.
A battle for control of Greece’s leading alternative fixed line operator has broken out, as Vodafone Greece joined forces with Wind Hellas to try and take control of Forthnet, which also owns pay TV operator Nova.