Forthnet bidders down to two

28 Jun 2018

The shortlist of bidders lined up to take a controlling stake in Greek telco and pay-TV provider Forthnet has been reduced to just two. A report from financial news site Capital says that a joint bid from rival telcos Vodafone-Wind and one from media firm Antenna Group are now the two offers on the table, with a third potential buyer – Odyssey-Athena – not making the cut. The shortlisted players now have until the end of July to submit their final offers. Forthnet is currently 32.8%-owned by a group of four local banks – Piraeus, Ethniki, Alpha Bank and Attica Bank. Both Vodafone and Wind are existing minority shareholders in Forthnet.

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