ForthNet studies bids from private equity firms

9 Jun 2009

Reuters writes that Greek’s largest alternative broadband provider ForthNet has received several non-binding bids from private equity funds for a stake in the company. The bids varied at above and below last Thursday’s closing price of EUR1.64 per share, and also included proposed strategies for the internet, telephony and TV provider. Forth/net, 34% controlled by Emirates International Telecommunications, said its board was evaluating the offers.

Greece, Nova (formerly Forthnet)