United Group, a provider of telecommunications services and media in Southeast Europe, has reached an agreement with Crystal Almond Holdings Limited to acquire Greek telecoms operator Wind Hellas, one of the country’s three mobile operators.
Wind has a total of 4.2 million users and offers mobile, fixed, internet, and television services. It generates revenues in excess of EUR500 million annually.
The transaction will enable United Group to combine Wind with its existing Greek pay-TV provider Nova to create a strong converged operator that will be the number two player in both broadband internet and television services.
In an attractive market, with significant potential for growth, the Wind-Nova combination will be better able to deliver converged offers, new technologies, and superior service, increasing value to Greek consumers.
Source: Private Equity Wire
