Greek telco giants restart talks

Financial expediency has arguably resulted in the Greek telcos Forthnet and Wind Hellas restarting talks about possible forms of co-operation.

Ekathimerini reports that this comes after the failure of talks between Vodafone and Wind Hellas about a possible merger.

Forthnet is a long-established ISP and has owned the Nova DTH platforms in Greece and Cyprus since 2008.

It is understood to have debts of around €350 million and has failed to go head with a share capital increase of at least €30 million, asked for by its creditors.

Wind Hellas, on the other hand, has to find another €50-80 million to pay for acquired frequencies by the end of this year.

 

Chris Dziadul About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com