June 4

Vodafone’s quadplay ambitions drive joint bid for Greece’s Forthnet

first_img Previous ArticleBT ups competition to operators in enterprise marketNext ArticleMicrosoft to cut 18,000 jobs; Nokia X product line under axe Tags Vodafone Group made a joint bid with Wind for Greek cable TV provider Forthnet as it continues to develop its quadplay strategy and build on acquisitions in Germany and Spain.The two companies made a non-binding offer for the shares not already owned by Wind, indicatively offering between €1.70 and €1.90 per share, according to a bourse filing by Forthnet.The offer from Vodafone and Wind values Forthnet at between €187 million and €209 million, according to Thomson Reuters data.Vodafone acquired an option to increase its 6.5 per cent stake in Forthnet to 19.75 per cent in June. Wind and Vodafone own 39 per cent of Forthnet between them, according to Reuters.Forthnet has suffered due to fierce competition and economic conditions in Greece, reporting net losses for the past nine years according to Thomson Reuters Eikon data.But Vodafone could benefit from acquiring the company to better compete with Deutsche Telekom-owned OTE, its main rival in Greece. Forthnet operates the Nova TV subscription service, which would enable the operators to boost their market share and increase revenue from customers.OTE made a non-binding bid of up to €300 million for Nova in June, according to Reuters, although Forthnet said there has been “no significant development” regarding this.Vodafone has a strategy of adding fixed services to its existing mobile footprint either through acquisition, or more recently, by building infrastructure from scratch.The European Commission gave Vodafone’s €7.2 billion acquisition of Spanish cable operator Ono the green light at the beginning of July while it acquired Kabel Deutschland last year.In addition, Vodafone was recently picked by energy supplier ESB as its partner in rolling out a €450 million fibre-to-the-building network across Ireland. Vodafone’s quad-play strategy is already in full swing in Ireland, where it has 200,000 fixed broadband customers. Related Tim Ferguson Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more Las operadoras respaldan el papel de Qualcomm en la RAN abierta Operators back Qualcomm role in open RAN path Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 JUL 2014 FinancialGreeceKabel DeutschlandOnoquad playServicesVodafoneWind Home Vodafone’s quadplay ambitions drive joint bid for Greece’s Forthnet Vodafone, Safaricom beat MTN to Ethiopia licencelast_img

Tags: , , , , , , , , , , , , , ,
Copyright 2021. All rights reserved.

Posted June 4, 2021 by admin in category "gwuspnofx

Leave a Reply

Your email address will not be published. Required fields are marked *