United Group announced an agreement with Crystal Almond Holdings to acquire Greek operator Wind Hellas. Wind has a total of 4.2 million users and generates annual revenues of more than EUR 500 million from mobile, fixed, internet and TV services. If approved by regulators, the acquisition will strengthen Greek pay-TV provider Nova, acquired by United last year, making it the number two player in both broadband internet and TV services.
In a market with significant potential for growth, the Wind-Nova combination will be better able to supply converged offers, new technologies, and superior service, increasing value to Greek consumers, United Group said. No further financial details were provided. The company aims to complete the deal next year.
