Koutalidis Law Firm advised United Group B.V. on a EUR 980 million acquisition of the Greek telecoms operator WIND Hellas which is now fully completed.
United Group will combine Wind with Nova to create a converged operator with a strong foothold in Greek households that will be the market’s number two player in both fixed and pay-TV services. Underlining the importance of Greece to United Group, the Dutch-based company will invest at least a further €1.3 billion in the country over the next five years, focusing on priorities such as expanding its fibre optic network, rollout of 5G, and pay TV.
To date, United Group – whose next-generation fiber network is the region’s largest – has invested €1.2 billion in the Greek market. This is among the biggest investments made in Greece in recent years.
Milestone deal
“The Wind Hellas acquisition is a significant milestone for United Group and the Greek telecommunications market. We’re taking a fresh step in our commitment to bringing Greek consumers a complete assortment of the very best products and services that our industry has to offer,” said United Group Chief Executive Victoriya Boklag.
“The digitalisation and fiberisation of Greece is now in the making. Through the investments, we are making and by applying our considerable expertise from across eight markets, we will play a key role on both fronts, delivering amazing products and the best customer experience to Greek consumers and businesses,” Boklag added.
