BC Partners-Owned United Group has agreed to acquire the debt and a significant minority interest in the Greek telco and pay-TV operator Forthnet.
Greece’s Nova has signed an exclusive agreement with Studiocanal.
The Greek pay-TV operator Nova has extended its agreement with Discovery.
Forthnet’s pay-TV subscriber total in Greece and Cyprus stood at 457,305 at the end of 2019.
The London-based private equity firm BC Partners have entered into exclusive negotiations with the creditors of the Greek telco Forthnet.
Forthnet ended the second quarter with 499,092 pay-TV subscribers in Greece and Cyprus, down 0.9% on the same period last year.
Forthnet’s pay-TV subscriber total remained almost unchanged in 2018, with the company ending the year with 477,641 in Greece and Cyprus, or 0.1% fewer than a year earlier.
Forthnet ended the first half of this year with 463,114 pay-TV subscribers, or 2.7% fewer than in the same period last year.
Greece’s Nova, which is operated by Forthnet, has renewed its long-term agreement with HBO.
Greece’s Forthnet saw its pay-TV subscriber base shrink by 5.2% in 2017, ending the year on 416,759.