Forthnet share sale expected in January

12 Dec 2019

The planned acquisition of a stake in Greek telco and pay-TV operator Forthnet is now expected to go ahead by the end of January. A group of banks who together own a majority stake in the telco are planning to sell shares to the local media group Alter Ego, which is owned by businessman Evangelos Marinakis. The launch of an MVNO service by Forthnet via the Vodafone network will be delayed until after the completion of the share buyout, Business Daily reports.

Greece, Forthnet (Nova)