The Koutalidis Law Firm has advised the United Group on its acquisition of Greek mobile operator Wind Hellas.
Financial details of the transaction were not disclosed. The transaction remains contingent on regulatory approval and closing is expected in 2022.
According to Koutalidis, Wind Hellas, which also offers internet and television services, currently serves 4.2 million users and reports revenue in excess of EUR 500 million annually. “The deal will enable the United Group B.V. to combine Wind Hellas with its existing Greek pay-TV provider Nova to create a strong converged operator that will be the number two player in both broadband internet and television services in Greece,” according to the firm.
Koutalidis also advised a bank consortium on Wind Hellas’s EUR 525 million bond issuance in 2019 (as reported by CEE Legal Matters on November 4, 2019).
The firm did not reply to our inquiry about the deal.