Vodafone extends ForthNet share option

23 Nov 2015

Vodafone Greece has extended an option to acquire further shares in broadband provider ForthNet for a further six months. In June 2014 another local operator, Wind Hellas, agreed to transfer a 13.25% stake in ForthNet to Vodafone Greece, to leave Wind and Vodafone with equal shares in ForthNet of 19.75% each. This is the second extension of the original agreement. ForthNet’s largest shareholder is Emirates International Telecommunications (EIT), via Cypriot-registered holding company Forgendo, with a 45% stake. ForthNet is Greece’s second largest ISP by subscribers, with 664,226 broadband customers as of 30 June 2015.

Greece, Forthnet (Nova), Vodafone Greece (incl. Hellas Online), Wind Hellas (incl. Tellas)