ForthNet minority stake changes hands

25 Jul 2013

Greek alternative telco ForthNet has disclosed that Fine Life Group, a Cypriot legal and financial services firm, has acquired 27.04% of its equity to become its second largest shareholder, by purchasing the entire 25.73% stake of Cyrte Investments plus additional shares. ForthNet’s largest shareholder is Emirates International Telecommunications, which holds a 41.3% stake and voting control via Cypriot-registered holding company Forgendo.

Greece, Nova (formerly Forthnet)