Forthnet eyes quad play expansion

Listed telecom service provider Forthnet is preparing to expand access to its Nova satellite platform by penetrating the cell phone market. Having restructured its debts, the company is now looking ahead, considering offering a quad play experience, by adding mobile services to its fixed-line, internet and pay-TV Nova3Play package.

Sources have told Kathimerini English Edition that the completion of the agreement with creditor banks for the settlement of the debts of the country's main alternative telecommunications provider signals Forthnet's shift to new services, including mobile telephony.

"The completion of the refinancing of loan obligations on very favorable terms was particularly positive, preserving the strategic value of the company," Forthnet chief executive Panos Papadopoulos stated. "With a completely different financial report, we may now focus on our...