Hellas Online

Chinese e-commerce giant Alibaba is betting on the artificial intelligence "assistant" of startup Connectly.ai, as, together with other international investors, it has invested $20 million dollars in the company of Stefanos Loukakos and Yandong Liu.

Britain’s Vodafone has agreed to acquire a further 73 percent stake in Greece’s broadband and fixed-line telephony provider Hellas Online for 73 million euros, to help it better compete in the highly competitive market.

By Vangelis Mandravelis

The telecommunications market in Greece is abuzz with developments as judgment day looms for some of the industry’s main players. This mainly concerns companies currently operating on a razor’s edge such as Hellas Online (HOL) and Cyta Hellas.