Vodafone and Wind Hellas merger talks continue, despite USD723m write-down

UK-backed Vodafone Greece and its local rival, private equity-owned Wind Hellas, remain in talks on a potential merger first revealed in August. Vittorio Colao, Vodafone Group’s CEO, said yesterday that the parties are ‘trying to get to an agreement’ that benefits all shareholders and the country's economy. Wind Hellas is the smallest of three mobile network operators in Greece but also has well-established fixed voice and broadband operations, while Vodafone Greece is present in the fixed/broadband segment via a minority share and strategic partnership with Hellas Online

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OVETEL Vodafone and Wind Hellas merger talks continue, despite USD723m write-down