United Group completes Forthnet buyout

4 May 2021

South-east Europe telco and pay-TV operator United Group has taken 100% control of Greek ISP Forthnet, which trades under the Nova brand. United Group’s owner BC Partners has completed a buyout of minority shareholders which began last year after it had acquired an initial 33.2% stake in June. Forthnet recently reported revenues of EUR276.4 million (USD329 million) for full-year 2020, up 5.2% from the year before, with EBITDA jumping 50% to EUR55.6 million.

Greece, Nova (formerly Forthnet), United Group