ForthNet receives 100% equity offers

16 Jun 2009

Greece’s largest alternative broadband operator ForthNet has revealed that the recent non-binding offers it received from international private equity funds include proposals to take overall control of the company and up to 100% of its share capital, writes Reporter.gr. TeleGeography’s GlobalComms database notes that ForthNet’s largest shareholder is Emirates International Telecommunications (EIT), via Cypriot-registered holding company Forgendo (34.5%). Forgendo’s shares are held 50/50 between EIT (Malta) and the latter’s majority-owned Maltese telco GO (formerly Maltacom). EIT is itself a joint venture of Tecom Investments and Dubai Investment Group, both part of the Dubai Holding group.

Greece, Forthnet (Nova)