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Greek telco giants restart talks

May 7, 2012 09.08 Europe/London By Chris Dziadul

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.

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Filed Under: Newsline Tagged With: Forthnet, Wind Hellas Edited: 7 May 2012 09:14

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