Vodafone said to be negotiating Hellas Online stake increase

21 Feb 2014

Unconfirmed reports say that Vodafone Group is in preliminary talks on the possibility of raising its 18.5% stake in Greek fixed broadband provider Hellas Online, majority owned by Greece’s Intracom, according to anonymous sources familiar with the UK-based group’s plans quoted by Bloomberg. Cellco Vodafone Greece’s service revenues fell by 13.4% in Q4 2013 amidst tough price competition and a poor economy.

Greece, Hellas Online (HOL), Vodafone Greece (incl. Hellas Online), Vodafone Group