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 Greece has moved closer to becoming a multiplay service provider by acquiring 72.7% of Hellas Online (HOL), the country’s second largest broadband and fixed-line services provider. The mobile operator acquired Hellas Online for a total cash sum of €72.7m (£57.56m).
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.