United Group acquires Wind Hellas

South-eastern European service provider United Group has reached an agreement with Crystal Almond Holdings Limited to acquire Greek telecoms operator Wind Hellas. Wind has a total of 4.2 million users and offers mobile, fixed, internet, and television services. It generates revenues in excess of €500 million annually. United Group said that the acquisition would enable […]

Forthnet sees pay TV revenues fall

Greek pay TV operator Forthnet, now wholly owned by Serbia-based United Group, saw its overall subscription base dip slightly in 2020 despite a rise in total retail and wholesale pay TV numbers, but with pay TV revenues falling by 11%. Total subscriptions dipped by 2.7% in the year to December, ending at 868,823, based on […]

United Group names new Forthnet CEO

Greek pay TV outfit Forthnet’s owner United Group has named Panayotis Georgiopoulos as CEO of the unit, effective from April 1. Georgiopoulos joins from Wind Hellas, where he is currently Business Segment Executive Director. Before Wind he spent eight years at Vodafone Greece, initially as Head of Strategy and then Commercial Operations Director. Georgiopoulos takes over […]

United Group to integrate Forthnet as telco increases stake in Greek operator

Greek pay TV operator Forthnet has become a part of former United Group. Based in the former Yugoslavia, United Group brands itself as an alternative telco in Southeast Europe and has two main business segments across telecommunications and media (content and advertising). Forthnet meanwhile is a provider of home entertainment and communications services in Greece […]

BC Partners strikes deal for United Group to take stake in Forthnet

Private equity group BC Partners has struck an agreement with Greek pay TV outfit Forthnet’s creditor banks that will see BC-owned United Group take a one third stake in the company. The deal will see United Group take on about 50% of Forthnet’s convertible bonds and loan receivables along with shares in the company, initially, […]

United Group owner BC Partners set to acquire Greece’s Forthnet

The creditors of indebted Greek service provider Forthnet – owner of the Nova TV pay TV operation – have reportedly entered into exclusive talks with private equity outfit BC Partners, owner of south-eastern European operator United Group, to sell their stake in the company. BC Partners would take on Forthnet’s debt as well as acquiring […]

Wind Hellas secures Nova Sports channels deal with Forthnet

Greek telecom operator Wind Hellas has signed an agreement with pay TV operator Forthnet SA that provides wholesale access to the content of Nova Sports channels. Wind Hellas plans to launch a new TV platform that will hold the streaming rights for the sports content of Nova Sports channels, featuring premium Greek sports content including as […]

Forthnet taps Zenterio for legacy boxes

Greek pay TV operator Forthnet, has revealed that it has deployed Zenterio OS on set-top boxes for its satellite pay TV offering. Forthnet used Zenterio OS, Forthnet to launch OTT services, VOD content, and a USB DVB-T dongle to its legacy boxes, while retaining the look and feel of the existing user interface. More than […]

Forthnet posts lower subs and revenues

Greek pay TV operator Forthnet, which operates under the Nova brand, has reported first-half declines in subscriptions, revenue and EBITDA as Greece continues to struggle with the impact of its prolonged economic recession. The operator’s total subscriptions sold declined by 8.5% to end June with just over one million subscriptions shared among 745,000 homes, down […]

Forthnet in talks to secure new finance

Greek pay TV operator Forthnet is considering issuing a €100 million convertible bond and is in talks with banks, according to CEO Panos Papadopoulis. Papadopoulis told local media that the operator, which runs the Nova TV service, had submitted all necessary information and was awaiting a decision. The company’s net debt stood at €324 million […]