A battle for control of Greece’s leading alternative fixed line operator has broken out, as Vodafone Greece joined forces with Wind Hellas to try and take control of Forthnet, which also owns pay TV operator Nova.
Vodafone has agreed to acquire a majority holding in Greek fixed line operation Hellas Online. The company will purchase 72.7 per cent of the share capital from Intracom Group and World Equities Investments for €72.7m. Vodafone Greece already holds 18.5 per cent of Hellas Online, with the most recent transaction taking its ownership to 91.2 per cent.
The battle for control of Greece’s leading alternative fixed line operator continues apace, with OTE joining the fray on Tuesday. The Greek carrier launched a bid of between €250-300m on a debt-free cash-free basis for the pay TV operation, Nova, which is owned by Forthnet.
With the difficult economic climate taking its toll on businesses in Greece, the nation’s number two and number three mobile operators have signed an active 2G and 3G network sharing agreement covering rural areas and some urban sites.
Greece’s largest operator OTE has announced it is embarking on a programme of voluntary retirement. OTE’s Board of Directors has approved a scheme to begin talks with labour unions to encourage employees who are close to their retirement age to leave the firm.
Konstantinos Halkiotis is principal engineer for Cosmote, the largest mobile operator in Greece. With the LTE World Summit 2012 coming up on the 23-24 May at the CCIB, Barcelona, Spain, we catch up with him to find out what his major concerns and challenges are ahead are ahead of the conference.
Vodafone Group has confirmed that it has abandoned its plans to merge its operations in Greece with local operator Wind Hellas, citing the uncertainty around the Greek market as a key reason.
Vodafone this week confirmed that it is in talks with Greek player Wind Hellas over a possible merger or acquisition.
The Greek mobile market is in a spin this week after national regulator the EETT issued a proposal for the re-auctioning of GSM spectrum licenses which are due to expire in 2012. The move is controversial because it is an unusual renewal process, but also because the authority has set reserve prices at more than double the European average.
Telecoms.com caught up with Konstantinos Halkiotis, RAN integration principal engineer at Greek operator Cosmote, at the recent LTE World Summit and got his thoughts on the future.
As a technology, LTE is solid, but as a business model the future of mobile is less clear. Telecoms.com caught up with Konstantinos Halkiotis, RAN integration principal engineer at Greek operator Cosmote, at the recent LTE World Summit and got his thoughts on the future.