Forthnet

Forthnet
Traded as Athex: FORTH
Industry Telecommunications
Founded 1995
Founder Foundation for Research & Technology – Hellas
Minoan Lines
Headquarters Kantza, Pallini, Attica[1], Greece[1]
Area served
 Greece
Key people
 Deepak Srinivas Padmanabhan (Chairman)
Panos Papadopoulos (CEO)
Products Fixedline telephony
Broadband
Direct Broadcast Satellite
Revenue Decrease€294.03 million (2017)[2]
Increase€32.85 million (2017)[2]
Increase€29.84 million (2017)[2]
Total assets Decrease€405.68 million (2017)[2]
Total equity Increase€191.92 million (2017)[2]
Owner Crystal Almond Holdings Limited (33.0%)
Tunisie Telecom (22.6%)
Abdul Aziz Al Ghurair (20.6%)
Vodafone (6.50%)
Dubai Holding (1.97%)[3]
Number of employees
 1.142 (2017)[2]
Subsidiaries NOVA Greece
NOVA Cyprus
Website www.forthnet.gr

Forthnet S.A. is an internet service provider which is based in Greece and whose stock is traded on the Athens Stock Exchange.[1] Forthnet was established in October 1995 by Minoan Lines SA and the Foundation for Research & Technology - Hellas (Ίδρυμα Τεχνολογίας και Έρευνας, Ι.Τ.Ε), also known as FORTH. As of 10 March 2017 LARGO LTD holds the most voting rights in the company (32.26%).[1]

On April 14, 2008, Forthnet purchased Netmed, parent firm of NOVA Greece and NOVA Cyprus (DTH satellite providers in Greece and Cyprus).[4] The transaction is valued at 430 million euros. In 2014 Nova Greece had 500,000 subscribers.[5]

From July 2016, a rebranding took place and from now on, the brand name "NOVA" is used for all their services.

References

  1. 1 2 3 4 "helex.gr/Products/Stocks/Company Forthnet". helex.gr. 10 March 2017. Retrieved 10 March 2017.
  2. 1 2 3 4 5 6 http://www.forthnet.gr/media/Company/Isologismoi/2017/FN%20Group%20_2017%20Annual%20Report_ENG_Final.pdf
  3. ↑ http://www.4-traders.com/FORTHNET-S-A-6259008/company/
  4. ↑ "News". Interactive Investor. Retrieved 22 August 2017.
  5. ↑ "Greek Nova back on the agenda". Broadband TV News. 2015-03-20. Retrieved 2018-09-03.
Forthnet logo prior to 2007
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