Greece’s largest alternative broadband operator ForthNet has revealed that the recent non-binding offers it received from international private equity funds include proposals to take overall control of the company and up to 100% of its share capital, writes Reporter.gr. TeleGeography’s GlobalComms database notes that ForthNet’s largest shareholder is Emirates International Telecommunications (EIT), via Cypriot-registered holding company Forgendo (34.5%). Forgendo’s shares are held 50/50 between EIT (Malta) and the latter’s majority-owned Maltese telco GO (formerly Maltacom). EIT is itself a joint venture of Tecom Investments and Dubai Investment Group, both part of the Dubai Holding group.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors