Freedom Mobile

Industry Minister Francois-Philippe Champagne on Oct. 25 formally rejected part of a deal between Canadian telecom giants Rogers and Shaw to merge, insisting on the need for competition in the wireless market.

United Group has reached an agreement with Crystal Almond Holdings Limited for the acquisition of Wind Hellas.

The deal is reportedly worth 950m euros.

Providing mobile, landline and television services, Wind has a total of 4.2 million users and has revenues of over € 500 million per year.

Wind Hellas announced this week it has selected Ericsson for the development of its 5G network across Greece, with the Swedish company also cooperating with the Greek service provider in the sector of business support.

Foreign investment funds are said to be focusing on Greek telecommunication services provider Wind Hellas.

This minor player in the Greek cellphone market has garnered the attention of at least four investment groups that want to invest in the country's telecommunications sector, Kathimerini understands.

Greek telecommunications provider Wind Hellas on Thursday expressed certainty that it is on course for growth, as it seeks to expand its infrastructure and enter the pay-TV market.