Multichoice Hellas merges with Forthnet

The merger between Greek telco/pay-TV operator Forthnet and another subsidiary company Multichoice Hellas, wrapped on October 17th.

The agreement, first mooted back on June 30th, sees Multichoice Hellas’s local operation being absorbed by Forthnet’s pay-TV arm.

There is something of a shake-out and consolidation occurring in Greece at the moment. Earlier this summer Vodafone “merged” with Hellas Online (Vodafone paid $97 million to Intracom to pick up the 72.7 per cent stake it did not own (it already controlled 18.5 per cent), in a deal expected to close before year-end.

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