M&A Deal Summary

United Group B.V. Acquires Forthnet S.A.

On June 1, 2020, United Group B.V. acquired communications company Forthnet S.A.

Acquisition Highlights
  • This is United Group B.V.’s 3rd transaction in the Communications sector.
  • This is United Group B.V.’s 1st transaction in Greece.

M&A Deal Summary
Date 2020-06-01
Target Forthnet S.A.
Sector Communications
Buyer(s) United Group B.V.
Deal Type Add-on Acquisition

Target

Forthnet S.A.

Athens, Greece
Forthnet S.A. is a provider of home entertainment and communications services in Greece, with nearly 1,000 employees, providing services to nearly 700,000 subscribers and over 40,000 companies. The company that brought internet and satellite pay TV in Greece is, through Nova 3Play, the largest 3play provider in the country. Forthnet, using state-of-the-art technologies and fully exploiting its knowhow, is constantly devoted to developing pioneering proposals for providing integrated and inexpensive communication and entertainment services to the Greek family. Forthnet was formed in 1994 and is based in Athens, Greece.

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Buyer(S) 1

Buyer

United Group B.V.

Amsterdam, Netherlands
Category Company
Founded 2007
Sector Communications
DESCRIPTION

United Group B.V. is a media and communication services provider. United Group providing customers with a full range of telecommunications services. United Group B.V. was founded in 2007 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 2 of 2
Country (Greece) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Vivacom

Sofia, Bulgaria

Bulgarian Telecommunication Company EAD is a telecoms operator provides services including fiber broadband, mobile communications and digital TV to private and commercial customers. Vivacom is based in Sofia, Bulgaria.

Buy $1.2B
Mergr

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