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Tag: greek
Vodafone to acquire Greek operator HOL for EUR 73 mln
2014-08-22 14:12:00| Telecompaper Headlines
(Telecompaper) Vodafone has agreed to buy control of Greek broadband provider Hellas Online. Vodafone already holds an 18.4 percent stake in HOL since 2009, and the two work together in the market bundling fixed and mobile services. Vodafone Greece has agreed to acquire another 72.7 percent of HOL from Intracom for EUR 72.7 million cash. The transaction values the fully diluted equity of HOL at EUR 100 million and is equivalent to an enterprise value of EUR 311 million including HOL's adjusted net debt of EUR 211 million. HOL had 519,000 customers at the end of 2013 and generated revenue of EUR 227.4 million, EBITDA of EUR 68.4 million and capex of EUR 36.7 million last year. The takeover price values the company at 4.5 times annual EBITDA. Vodafone expects to achieve cost and capex synergies with an annual run-rate of EUR 24 million before integration costs by the third full year after completing the acquisition. The synergies will come from sharing network and IT infrastructure, savings on marketing and bill collections, and rationalisation of overlapping functions.
Tags: eur
operator
greek
acquire
How many Greek legends were really true?
2014-07-23 01:00:51| BBC News | Business | UK Edition
How spartan were Spartans? Did the Trojans have a horse?
Tags: true
really
greek
legends
Lone producer, Canadian firm lead charge on Greek energy
2014-07-21 11:49:25| Energy - Topix.net
Energean Oil & Gas is Greece's only oil producer and, with the help of a small Canadian company, Petra Petroleum, is leading the charge to prove that Greece can meet a good chunk of its energy needs.
Vodafone, Wind move to buy Greek TV company
2014-07-18 02:00:00| Total Telecom industry news
Forthnet announces a second takeover bid in less than a month, says there have been no developments in OTE offer.
Wärtsilä signs technical management agreements with four Greek LNG ship owners
2014-07-16 01:00:00| Ship Technology
Four Greek liquefied natural gas (LNG) ship owners have selected Finland-based Wärtsilä for a five-year technical management agreement, covering a total of 80 50DF dual-fuel engines.
Tags: management
owners
technical
ship
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