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Tellas raises DSL speeds to 12 Mbps (Greece)

  • November 5th, 2007
  • 12:33 pm

Greek operator Tellas has launched new broadband packages with speeds of up to 12 Mbps. Tellas Zisto DSL, which includes fixed-line rental, is available for EUR 29.95 per month for speeds of up to 12 Mbps/1Mbps. For EUR 39.90 per month, customers also get unlimited calls to domestic fixed lines. Tellas has also started an unbundled fixed telephony offer, Tellas Zisto Telephone, including line rental and unlimited fixed calls for EUR 26.95 per month. Subscribers can also have pay-as-you-go broadband at EUR 0.033 per minute. The Tellas LLU network currently covers almost the whole Attica and Thessaloniki and Larisa city.

   

Tellas under the Weather

  • August 1st, 2007
  • 3:29 pm

Greek electricity utility Public Power Corp (PPC) has accepted a EUR175 million (USD240 million) offer from Weather Investments for its 50%-minus-one-share stake in Tellas, Greece’s largest alternative telco by revenues. The deal gives Weather, owned by Egyptian tycoon Naguib Sawiris, 100% of Tellas and the ability to bundle its fixed line and internet services with offerings from its recently acquired Greek mobile operator Wind Hellas (formerly TIM Hellas). In a filing to the Athens Stock Exchange, PPC also agreed to continue an existing arrangement to rent its backbone network to Tellas and take telecoms services from the company.

   

 

 

Weather buys PPC stake in Tellas for EUR 125 million

  • August 1st, 2007
  • 2:23 pm

Weather Investments has agreed to buy the rest of Greek internet provider Tellas from Public Power Corp for EUR 125 million. The deal gives Weather 100 percent of Tellas and the ability to bundle its fixed and internet services with offerings from its Greek mobile operator Wind. PPC also agreed to continue to rent its network to Tellas and take services from the company.

   

Domestic investment group waiting in wings for Tellas

  • June 26th, 2007
  • 1:56 pm

Greek firm Marfin Investment Group (MIG) has confirmed that it is interested in acquiring domestic utility Public Power Corporation’s 50%-minus-one-share stake in the country’s second largest fixed line telco Tellas. Egyptian tycoon Naguib Sawiris holds the majority stake in Tellas via Italian telco Wind Telecomunicazioni, itself wholly owned by Egypt-based Weather Investments. Sawiris is trying to get PPC to sell its share as cheaply as possible, and has hinted he will sell his stake if negotiations fail. In early February 2007 Weather Investments bought Greek cellco TIM Hellas for a total of EUR3.4 billion, including subsidiary Q-Telecom, and renamed the operator Wind Hellas.

   

Weather confirms acquisition of TIM Hellas

  • February 7th, 2007
  • 12:51 pm

Telecompaper writes…Weather Investments has confirmed it will acquire Greek mobile operator TIM Hellas for EUR 3.4 billion, including some EUR 2.9 billion in debt. TIM Hellas is the third largest mobile operator in Greece with more than 3 million subscribers as of 30 September 2006. Weather has agreed financing for the EUR 500 million equity portion of the acquistion with loans from Citibank, Banca IMI and Deutsche Bank. It will maintain TIM’s leveraged balance sheet, a result of a recent refinancing of the company by private equity owners Texas Pacific and Apax. TIM Hellas’ management will remain in place, and Q-Telecom also forms part of the transaction. Weather already controls Italian operator Wind and has a 51 percent stake in Greek fixed operator Tellas.