GO venture buys more ForthNet shares

31 Mar 2010

Maltese telco GO has announced that Forgendo, its joint venture with Emirates International Telecom (Malta), this week acquired a further 4,316,931 shares in Greek alternative broadband and fixed line operator ForthNet, for a price of EUR4.67 million (USD6.28 million), raising its stake to 39.879%. According to TeleGeography’s GlobalComms Database, the Maltese venture’s stake stood at around 37% at end-July 2009.

Greece, Nova (formerly Forthnet)