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Forthnet suspends JV talks

January 30, 2013 10.51 Europe/London By

ForthnetThe owner of the Nova DTH platforms in Greece and Cyprus has said it is abandoning talks that could have led to a consolidation of part of its business activities.Forthnet told investors that the talks had been inconclusive and it will now continue to pursue organic growth in both pay-TV and telecommunications services.

Last May it was reported that the company was in talks with Wind Hellas about possible areas of co-operation.

At the time Forthnet was 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.

     

     

    Filed Under: Finance, Newsline
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    You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com. Julian has been following the media world for over 20 years with a focus on the UK and Nordic markets, HD, 3D and connected TV technologies.