Forthnet is to merge its pay-TV subsidiary Forthnet pay TV telecommunication services and holdings (FMH) and Multichoice Hellas. The move is being seen as a possible precursor to a takeover of the company.
The Greek incumbent OTE has signed an agreement with UEFA to broadcast Europe’s two leading football competitions for the next three seasons.
Vodafone is paying €72.7 million to acquire a 72.7% stake in Greek broadband/phone service provider Hellas Online.
The OTE-backed Romanian incumbent Romtelecom saw its TV subscriber total increase by 6.8% in the year to June 30.
The Greek incumbent OTE has raised €700 million from international markets through the issue of a six-year fixed-rate bond.
Forthnet has until the middle of this month to decide if it is interested in OTE’s non-binding offer for its Nova pay-TV operations.
OTE has submitted a non-binding offer to Forthnet for the acquisition of its Nova pay-TV operations. The Greek incumbent says it is in the range of €250-300 million on a debt free/cash free basis and that in the event an agreement is reached will be subject to clearance from the competent authorities.
OTE is preparing a bid for the alternative telco Forthnet, whose interests include the Greek DTH platform Nova.
The Romanian incumbent Romtelecom saw strong growth in the take-up of its TV services (DTH, IPTV and cable) in the year to March 31, the total of 1,370,380 representing an increase of 7.3%.
Greece’s DTH and IPTV platform OTE TV is to add two versions of National Geographic to its offer.