United Group


United Group hails year of spectacular growth

South-eastern Europe region service provider United Group’s spate of acquisitions saw its annualised revenues almost treble in the year to March to close to €2 billion, with Bulgarian acquisition Vivacom the largest contributor to revenue and EBITDA by some margin. Providing a trading update for 2020 and the first quarter of this year, United Group, […]

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 acquire Bulgaria’s Nova Broadcasting

South-east European pay TV outfit United Group has reached an agreement to acquire Bulgaria’s Nova Broadcasting Group from Advance Media Group. The transaction is expected to close early this year subject to regulatory approvals. Nova comprises of 10 TV channels including national Nova TV, the country’s largest online platform Net Info that reach on average […]

United Group in talks to buy Bulgaria’s Nova Broadcasting Group

United Group, the Balkan telco and media company, in talks to acquire Bulgaria’s leading media company Nova Broadcasting Group. The announcement of talks were made by United Group owner BC Partners, with the private equity firm confirming that it was in the midst of discussions with Nova owner Advance Media Group. A potential deal comes […]

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 […]

United Group completes acquisition of Bulgaria’s Vivacom

South-eastern European broadband and pay TV provider United Group has completed the acquisition of Bulgaria’s Vivacom, following approval of the merger by the EC in April. Vivacom has been the largest domestic operator in Bulgaria in terms of revenues for the last seven years. The company has 1.8 million customers to whom it provides a […]

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 […]

Croatian consolidation takes shape as Tele2 completes sale to United Group

Nordic telco Tele2 has completed the sale of its Croatian subsidiary to Serbia-based Western Balkan service provider United Group. Completion of the deal follows approval of the sale by the Croatian Competition Agency, which told Tele2 that it was greenlighting the agreement at the end of January, following a Phase II investigation. Tele2 announced the sale […]

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