Forthnet

The National Telecommunications and Post Commission (EETT) will impose a 6.3 million euro fine on OTE, Greece's biggest telecoms operator following an investigation launched after complaints were filed by competing telecoms provider Forthnet, as well as mobile companies Wind Hellas and CYTA.

A new deal is brewing in the Greek pay-TV sector that could change the landscape in the content market: Already a heavyweight phone and internet services provider, Wind Hellas is examining a possible cooperation with alternative provider Forthnet (which operates leading pay-TV platform Nova) as part of planning for the former's pay-TV debut.

Greek telecoms company Forthnet and Chinese telecom equipment maker ZTE Corp have teamed up with two other Chinese firms to finance a fibre optic network in Greece, Forthnet said on Saturday.

Forthnet and ZTE signed a cooperation agreement in 2016 to build a high-speed broadband network in the country.

The special tax on pay-TV services introduced last year has damaged what had been one of the country's few flourishing sectors, to the extent that growth in Greece's pay-TV market ground to a virtual halt in 2016, posting a negligible increase of 0.2 percent over the 2015 level.

Listed telecoms provider Forthnet reported on Thursday an 8.6 percent year-on-year increase in operating profits (EBITDA) in spite of a 325-million-euro decline in revenues.

The Japanese Embassy in Athens and the Japan Foundation present a mini-festival of films dedicated to the art of food, titled "Eating - Loving - Living," at the Michael Cacoyannis Foundation. The event comprises critically acclaimed films from Japan, with both English and Greek subtitles.

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.

Athens-listed telecom Forthnet on Thursday won the tender of the Hellenic Telecommunications and Post Commission (EETT) to be Greece's universal service provider, for a maximum amount of 4.93 million euros per year payable by the state.

This means that the company is undertaking to supply fixed telephony local network access and voice call services in 100 percent of the country.

Listed Greek telecommunications company Forthnet on Tuesday delivered a presentation for the Greek Association of Institutional Investors on its outlook, figures and growth prospects ahead of the issue of its convertible bond, amounting to 99.1 million euros and tradable on the stock market from Thursday until October 3.

Existing shareholders have preferential rights.

Arab entrepreneurs and state corporations are once again showing a reserved interest in the Greek market.