Forgendo Ltd

Bid for Forthnet lags expectation

By Vangelis Mandravelis

Forthnet’s shareholders were not satisfied by the offer submitted on Thursday by Vodafone and Wind Hellas to buy out the shares they do not already own.

The offer by the two mobile network operators that between them hold 39.5 percent of Forthnet came in response to OTE’s bid for Forthnet’s pay-TV operation (Nova).