First offers for Wind Hellas expected this month

6 Dec 2019

Greek fixed and mobile telco Wind Hellas is expecting to receive its first takeover offers this month. A report from Kathimerini cites sources as saying that 11 December is the likely date for the submission of offers, though the process could see a slight delay. At least four investment firms are said to be interested in acquiring Wind, including BC Partners and Warburg Pincus. Back in October the French telco Iliad was named as a potential buyer, though it is not mentioned in the latest reports.

According to TeleGeography’s GlobalComms Database, Wind Hellas was taken over by a group of creditors in 2010 via the holding company Largo (now Crystal Almond Holdings). It was previously owned by Egyptian tycoon Naguib Sawiris’ via his Weather Investments unit. Wind sits in third place in Greece’s mobile and fixed markets behind Cosmote and Vodafone.

Greece, Wind Hellas