Sistema's Comstar takes majority stake in Hellas On Line

31 Oct 2006

Russia’s Comstar, a subsidiary of telecoms holding group Sistema, has bought a 51% stake in Greek ISP Hellas On Line from Greek IT and defence group Intracom Holdings, according to Reporter.gr. At the same time, the companies announced that Hellas On Line had acquired Attikes Telecoms, which operates a 450km fibre-optic network in the Athens area.