United Group announced in June it had agreed to acquire an initial stake of approximately 36% in Forthnet. We’re confident that by applying our expertise in areas such as content and technology, combined with our wider telco offering, we can deliver a top user experience and realize our goals for the business.”. United Group buys into Forthnet May 29, 2020 18.44 Europe/London By Chris Dziadul BC Partners-Owned United Group has agreed to acquire the debt and a … It said a mandatory tender offer should be completed in the first quarter of 2021. If United Group acquires at least 90 percent of the ordinary shares of Forthnet, it will eventually acquire 100 percent through a right to squeeze out any remaining shareholders. A press release said that United Group, which includes the SBB company and … Our Privacy Policy – Terms and Conditions, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window). The acquisition expanded the Dutch-based Group’s markets to eight countries across Southeast Europe. Keep your brand at the front of buyer's minds. An important growth of the Internet and TV market we are preparing to launch creates a great investment environment for us and a possibility to use the knowledge and experience of the United Group's management, network and … United Group, … Announcement for publications. United Group, which is majority owned by BC Partners, announced in June it had agreed to acquire an initial stake of approximately 36% in Forthnet. BC Partners-Owned United Group Makes Strategic Investment in Greece’s Forthnet Our website uses cookies. Following the acquisition of Forthnet, the United Group will have more than 10 million clients and more than 11,000 employees with an annual income in excess of 1.7 billion Euro, it said. It is traded on the Athens Exchange. United Group, the cable and media operator in South Eastern Europe, has agreed to acquire the debt and a significant minority interest in Forthnet, the pay-TV and broadband provider in … Regarding recent publications in the printed and electronic Press, “HELLENIC TELECOMMUNICATIONS AND TELEMATIC APPLICATIONS S.A.” (hereinafter “the Company”) informs that the Banks’ advisor, Nomura International plc. United Group, leading multi-play telecoms and media provider in South East Europe, provides customers with a full range of telecommunications services. United Group entered the Greek market in 2020 with the acquisition of Forthnet, a provider of home entertainment and communications services with around 1,000 employees and nearly 1.4 million revenue generating units (RGUs). ControlMeister: free Samsung TV remote control app for iPhone. By year end, after the company completes the conversion of the Forthnet convertible debt it holds, its stake will rise to approximately 85%. Greek telecommunications and pay-TV provider Forthnet S.A. has officially become part of United Group, the leading provider of telecommunications services and media in Southeast Europe. We use cookies to ensure that we give you the best experience on our website. An important growth of the Internet and TV market we are preparing to launch creates a great investment environment for us and a possibility to use the knowledge and experience of the United Group’s management, network and … United Group, which is majority owned by international investment firm BC Partners, announced in June 2020 that it had agreed to acquire an initial stake of approximately 36% in Forthnet. Since then, United Group has increased its stake to about 80%. United Group’s entry into the Greek market is another milestone in its European growth strategy and further cements the Dutch-based group’s position as an industry leader, operating in eight countries across the region. United Group is one of the leading providers of media and communication services in South East Europe. The entry of United Group, the region’s leading multi-play telecommunications and media provider, confirms Forthnet’s strategic value and gives new perspectives to our company. The acquisition expanded the Dutch-based Group’s markets to eight countries across Southeast Europe United Group, the pay-television broadcaster backed by private equity house BC Partners, has completed its acquisition of Greek telecoms business Forthnet. Since then, United Group has increased its stake to about 80%. © 2015 - 2021 United Group B.V. All rights reserved. Forthnet’s Nova brand is well-established in Greece and we see a lot of potential for the business.”, She continued: “We have the opportunity to bring to the Greek market more content and more options in entertainment and sports to drive growth in pay-TV services. Mandatory Tender OfferUnder Greek tender offer rules, United Group has triggered the minimum mandatory tender offer requirements and is expected to launch a Mandatory Tender Offer (MTO), which should be completed in Q1 2021. United Group, which is majority owned by BC Partners, announced in June it had agreed to acquire an initial stake of approximately 36% in Forthnet. Since then, United Group has increased its stake to about 80%. Nordija White Paper Competition: Should we be afraid of giving away our data? It also offers satellite services in Cyprus. United Group entered the Greek market in 2020 with the acquisition of Forthnet, a provider of home entertainment and communications services with around 1,000 employees and nearly 1.4 million revenue generating units (RGUs). Since then, United Group has increased its stake to about 80%. United Group entered the Greek market in 2020 with the acquisition of Forthnet, a provider of home entertainment and communications services with around 1,000 employees and nearly 1.4 million revenue generating units (RGUs). United Group, which is majority owned by BC Partners, announced in June it had agreed to acquire an initial stake of approximately 36% in Forthnet. This is United Group’s third big acquisition since the BC Partners investment fund took over a majority share in the Group in March 2019. The best content for any audience. The acquisition expanded the Dutch-based Group’s markets to eight countries across Southeast Europe. United Group, which is majority owned by BC Partners, announced in June it had agreed to acquire an initial stake of approximately 36% in Forthnet. Το 100% του συνόλου τον δικαιωμάτων ψήφου της Forthnet κατέχει η United Group, σύμφωνα με ανακοίνωση που εκδόθηκε, ολοκληρώνοντας έτσι το δικαίωμα εξαγοράς της εταιρείας. We have ambitious plans for the company that will be implemented with the new management team. If you continue to use this site we will assume that you are happy with it. Cookies are small text files held on your computer that help us understand how you use our site. The United Group has received the approval of the European Commission, in line with European Union regulations to protect competition, to buy the Greek telecommunications company Forthnet and is waiting for a decision by the Greek Telecommunications and Postal Commission to complete the purchase. Forthnet offers its customers more than 60 direct-to-home (DTH) channels via the brand Nova. If United Group acquires at least 90% of the ordinary shares of Forthnet at the completion of the MTO, it will eventually acquire a 100% stake in the company, through a combination of acquisitions in the MTO and/or right to squeeze out any remaining shareholders in accordance with the relevant laws and regulations. Following the relevant regulations, the Group intends to initiate a squeeze-out to acquire the remaining shares in Forthnet, which is expected to close in May 2021. Innovation at the heart of our business. Greece’s Forthnet officially becomes part of United Group. EON TV now available worldwide to Net TV Plus subscribers. United Group, the leading provider of telecommunications services and media in Southeast Europe, announced today that it has completed a Mandatory Tender Offer (MTO) for shares of Greek telecommunications and pay-TV provider Forthnet S.A., bringing its stake in the company to 96.83% of ordinary share capital. Since then, United Group has increased its stake to about 80%. Forthnet S.A. United Group selects Nokia to support rollout of next-generation fibre network across Southeast Europe 16 March 2021. The entry of United Group, the region’s leading multi-play telecommunications and media provider, confirms Forthnet’s strategic value and gives new perspectives to … The United Group, as the leading telecommunication and media provider in the region, confirms the Forthnet value and gives new perspectives to our company. The Group launched the mandatory tender offer for Forthnet shares after triggering minimum offer requirements under Greek law. Join over 40,000 readers to our Daily and Weekly emails. Twitter . 29.11.2019EON TV now available worldwide to Net TV Plus subscribers. Forthnet is a provider of home entertainment and communications services in Greece, with around 1,000 employees and nearly 1.4 million revenue generating units (RGUs). United Group signs exclusive deal to offer its users across Southeast Europe access to music streaming service TIDAL 22 March 2021. Η United Group, της οποίας ο πλειοψηφικός έλεγχος ανήκει στον διεθνή επενδυτικό όμιλο BC Partners, ανακοίνωσε τον Ιούνιο του 2020 ότι είχε συμφωνήσει την εξαγορά αρχικού μεριδίου περίπου 36% της Forthnet. Log in. The entry of United Group, the region’s leading multi-play telecommunications and media provider, confirms Forthnet’s strategic value and gives new perspectives to our company. DTG: Viewers demanding easier UIs and greener streaming, Nordija White Paper Competition: The battle of the first screen operating system, Nordija White Paper Competition: Why you should welcome the commercial breaks. The United Group launched the MTO for Forthnet shares after triggering minimum mandatory tender offer requirements under Greek law. Forthnet's new controlling shareholder United Group has increased its stake to a total of 332.70 million shares, corresponding to 96.83 percent of the total share capital vote of Forthnet. United Group finalises takeover of Nova parent Forthnet Business - 27 Nov 2020 BC Partners, the London-based private equity firm, has finalised its takeover of Forthnet, the parent company of Greek pay-television broadcaster Nova, through United Group, its telecoms and media company operating in the Balkans. 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. United Group appoints Panayotis Georgiopoulos CEO of Greek unit Forthnet S.A. Advance Media Group in talks with United Group on possible sale of Nova. Victoriya Boklag, Chief Executive Officer of United Group: “I’m pleased to welcome our colleagues from Forthnet to the United Group family. The United Group, as the leading telecommunication and media provider in the region, confirms the Forthnet value and gives new perspectives to our company. United Group confirmed on 24 November 2020 that Forthnet is now officially part of the group and that its stake currently stands at 80%, rising to about 85% by end‑2020. The terms of the deal will see United Group… Broadband TV News offers a range of commercial possibilities from banner advertising to white paper hosting. United Group appointed Panayotis Georgiopoulos CEO of its Greek unit, telecommunications and pay-TV provider Forthnet, effective 1 April. Forthnet S.A. (commercial brand name Nova) is a telecommunication company in Greece which provides broadband, television and fixed telephony. Panayotis Georgiopoulos has been appointed the CEO of Greece’s Forthnet, effective April 1. Greece’s Forthnet now part of United Group November 25, 2020 Greek telecommunications and pay-TV provider Forthnet has officially become part of United Group, a provider of telecommunications services and media in Southeast Europe. 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%. Greek pay TV operator Forthnet has become a part of former United Group. Complete the simple form to get the latest issue delivered direct to your inbox. 08.03.2021United Group appoints Panayotis Georgiopoulos CEO of Greek unit Forthnet S.A. 11.12.2020Advance Media Group in talks with United Group on possible sale of Nova. United Group takes over Forthnet November 25, 2020 10.06 Europe/London By Chris Dziadul The Greek telco and pay-TV operator Forthnet has officially become part of United Group. United Group, which is majority owned by international investment firm BC … 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).
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