Vodafone and Wind submitted together while a binding offer was submitted by the Antenna group
Forthnet executives say they are unaware of the process but stress that if there is only one offer it will not be able to be accepted by the Regulators so either a new extension will be given or the process will be restarted.
It should be reminded that the process started last November for the sale of Forthnet by the creditor banks (Piraeus, Alpha and Ethniki) with a consultant NomuraInternational, however it has already been significantly delayed. In fact, market executives are expressing doubts about whether today's submission of binding offers will be the last act of the drama since the sale of Forthnet is a difficult case due to the significant bank lending of the company (close to 250 million euros).
According to information, both interested parties have requested a big "haircut" of the bank liabilities of the company to be sold, something that presupposes brave decisions on the part of the banks.
For its part, the Antenna group wants to strengthen its activity in television while Vodafone - Wind look forward to increasing their subscriber base through the telecommunications company (672 thousand single households, 556 thousand broadband subscribers and 396 thousand Pay-TV retail subscribers) that they both recently launched their own television platforms. Please note that both Vodafone and Wind have a commercial agreement with Forthnet for part of its sports content.
