Η WIND Hellas announces today that its parent company Crystal Almond Holdings Limited has reached a final agreement with United Group (UG), a leading telecommunications and media operator in Southeastern Europe, for the acquisition of 100% of its shares.
Όas noted by its President & CEO WIND Hellas, Nasos Zarkalis commenting on the agreement:
Now begins a new, exciting era in its history WIND by joining United Group, the largest telecommunications and media group in SE Europe. I am excited about the agreement, which creates all the conditions for faster growth, systematic investments, better services for Greek consumers, prospects for our people.
Acceptance by its shareholders WIND Hellas, of the takeover proposal submitted by United Group, is an important step in the successful course of WIND Hellas and in its vision to be a complete provider of communication services, consistently investing in ultra-high speed networks and new technologies.
Its integration WIND Hellas in the United Group's business portfolio significantly strengthens its footprint UG in SE Europe and makes Greece a strategic hub for the further development of the Group, constituting the largest market (31%) of the total turnover
The completion of the agreement is expected in 2022, following the relevant approvals from the competent regulatory authorities.
About United Group (UG)
H United Group is one of the leading providers of communication and media services in Southeast Europe with presence in Serbia, Slovenia, Croatia, Bulgaria, Greece, Bosnia & Herzegovina, Montenegro and Northern Macedonia. It provides a full range of telecommunications services, including mobile content, broadband and pay-TV with rich content.
Its goal is to grow in the pay-TV and broadband markets, which have significant penetration opportunities compared to other Central and Western European countries. From the beginning of its operation until today, the United Group has successfully integrated more than 100 companies into its potential. Recent major acquisitions include Bulgarian VivaCom, Tele2 Croatia, the Greek company Forthnet, NOVA Broadcasting in Bulgaria and Optima Telekom in Croatia.
United Group has as its main shareholder the British investment company BC Partners, one of the oldest and largest private equity funds in the world, having invested in USA and Europe, In 117 companies, the value of which exceeds 150 billion Euros. For the last 15 years, the BC Partners has invested in Greece over 3 billion and continues to invest in Greek companies that present significant prospects.
Press Release
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