WIND Hellas

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.

Hellas Telecommunications (Luxembourg) II SCA’s liquidators sued TPG Capital Management LP and Apax Partners LLP for more than $1.3 billion, saying the private equity firms left the wireless company insolvent.