AFX News Limited
Greece's Intracom to fully acquire ISP Hellas On Line from Eurobank
08.08.2005, 05:24 AM

ATHENS (AFX) - Technology and defense group Intracom said it has reached a preliminary agreement, pending due diligence and regulatory approval, with EFG Eurobank to fully acquire the third largest ISP in the domestic market, Hellas on Line (HOL), but did not disclose the amount it is paying.

HOL has a 15 pct share of the household segment of the domestic market with 65,000 subscribers, and a further 12 pct share in the corporate market.

Intracom already holds 20.06 pct of the second largest domestic ISP provider Forthnet, which it acquired on August 3, and also announced on Friday that it seeks to further increase its holding in the company to a controlling stake.

Meanwhile, according to newspaper Kathimerini, Intracom is also interested in Attica Telecommunications, a company owned by the Attica Road consortium.

Brokers said the HOL acquisition fits Intracoms stated strategy of a greater involvement in the domestic telecoms landscape and strengthens its position in the internet market.

Last Friday, Intracom closed 2.74 pct higher at 4.50 eur and brokers expect it to maintain its positive momentum today.

Source: Euro2day, Athens



Copyright AFX News Limited 2005. All rights reserved.

The copying, republication or redistribution of AFX News content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and the AFX Financial News logo are registered trademarks of AFX News Limited

Article Controls

Related Sections
Home > News & Analysis

News Headlines | More From | Special Reports
Subscriptions >

Free Trial Issue of Forbes Forbes Gift Subscription
Subscribe To Newsletters Subscriber Customer Service
Buy Audio Version of Forbes

Trading Center
Brought to you by the sponsors below

CEO Book Club more >
The Philosopher Kings Of Hedging
The Philosopher Kings Of Hedging
Steven Drobny reveals insights from the hedge fund all-stars.
Laissez Faire In The Studio
Dunstan Prial
At Columbia Records, John Hammond made some of the greatest discoveries in American music.
Search Books

Advanced Search |  New & Notable


SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes MagazinesForbes Autos
Ad Information Wireless   RSS   Reprints/Permissions   Subscriber Services  
© 2006 Inc.™   All Rights Reserved   Privacy Statement   Terms, Conditions and Notices

Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed.

Powered By