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 […]

Forthnet taps Irdeto for DTH upgrade

Greek pay TV operator Forthnet has tapped content security specialist Irdeto to provide conditional access for its Nova DTH service in parallel with its migration to new DVB-S2-based, HD and MPEG-4-capable set-tops.  Forthnet is using Irdeto Media Protection to secure the DTH service following a swap out of its boxes. The group claims to have […]