Home › United Group expands to Greece with stake in Forthnet
 

Keywords :   


United Group expands to Greece with stake in Forthnet

2020-06-01 08:09:00| Telecompaper Headlines

(Telecompaper) United Group, the cable and media operator in South Eastern Europe, has agreed to acquire the debt and a significant minority interest in Forthnet, the pay-TV and broadband provider in Greece. The transaction will see United Group acquire all of the company's loan obligations, the convertible debt and an initial 36 percent of the company's shares following the successful conclusion of negotiations with Forthnet's main shareholders and creditors National Bank of Greece, Alpha Bank, Piraeus Bank and Attica Bank. Further details of the transaction were not disclosed, and the deal remains subject to customary regulatory approvals.

Tags: group united greece stake

Category:Telecommunications

Latest from this category

All news
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03Steelworks costing 1.3m a day to run
16.03Funding change ends school holiday food vouchers
16.03Firms to be paid to hire unemployed young people
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
16.03Starmer to set out support plan for heating oil costs
15.03UK looking at all options to secure Strait of Hormuz, says Miliband
15.03We will intervene on energy bills if necessary, says Miliband
More »