Forthnet
United Group Broadband Continues Bulgarian Expansion
The Bulgarian incumbent telco Vivacom generated 29% of United Group's revenues in the first quarter.
H United Group ανοίγει τα χαρτιά της για την Forthnet
H United Group ανοίγει τα χαρτιά της για την Forthnet
Η άγρια μάχη Cosmote – Forthnet και το μπάσιμο του Mega
Η άγρια μάχη Cosmote – Forthnet και το μπάσιμο του Mega
United Group obtains full control of telecom provider Forthnet
Greek telecommunications and pay-TV provider Forthnet has officially become part of United Group, the leading provider of telecommunications services and media in Southeast Europe.
BC Partners lands Forthnet deal
The deal for the acquisition of a 33% stake in Forthnet between the BC Partners investment group and the creditor banks of the Greek telecommunications company was all but sealed on Friday, with the only issue still pending being the bridge funding of 15 million euros from the British group to Forthnet for the period until the acquisition is approved by the competition authorities.
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Forthnet stems outflow of broadband subscribers
Telecommunications company Forthnet, whose creditors have entered into exclusive negotiations with BC Partners for the concession of its shares and debts, announced on Thursday that it had reversed the trend of previous years in which it registered a drop in in broadband subscriptions to post growth of 0.2 percent in 2019 to 550,967, while its pay-TV (Nova) subscribers in Greece and Cyprus fell
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BC Partners is set to land Forthnet
Forthnet's creditors have entered into exclusive negotiations with BC Partners, whose subsidiary, United Group, has offered to acquire the Greek telecommunication company. In addition to obtaining Forthnet's shares from its creditors, this will also entail taking on its obligations and financing the company until the completion of the agreement. It has asked for nothing from the banks.
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Three suitors for Forthnet’s costly hand
This Friday, or next week at the latest, the creditors of Forthnet will convene to select which of the three bidders for the acquisition of the telecommunication company's obligations will shoulder its loans and buy out the firm that operates Nova satellite TV.
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Internet users must wait up to 3 weeks to get back online
Greek broadband internet users have to wait from one to three weeks for connections to be repaired, according to data from the National Commission for Telecommunications and Post (EETT).
Internet use soars amid lockdown
Greece has seen an increase of at least 50 percent in internet use in recent days following the government's decision to restrict citizens' movements to slow the spread of the new coronavirus, according to officials at the Digital Governance Ministry who indicated however that telecommunications networks are handling the strain so far.
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