Greece’s Forthnet has announced that Vodafone and Wind Hellas Telecommunications have submitted a joint non-binding indicative proposal for the possible acquisition of all shares in Forthnet not currently owned by them.
It adds at the price of the each share is in the range €1.70 to €1.90.
Significantly, Forthnet also says there have been no significant developments in OTE’s recent non-binding offer for Forthnet’s Nova pay-TV business.