The “green light” for the acquisition of Wind by the United Group group was reportedly given by the Directorate General for Competition (DG Comp) of the European Commission, during its meeting yesterday.
With the announcement of the decision, in the next few days, the way is opened for the completion of the agreement announced in August and for the merger of Wind with Nova, which will create its second largest “player” in the country’s fixed telephony market and third largest in the mobile market with a small difference from Vodafone.
United Group sees significant potential synergies in the Wind-Nova scheme that could allow the sale of mobile contracts to Nova customers, but also lead to the expansion of Pay TV subscription base. It also sees significant margins for reducing the operating costs of the new company due to the economies of scale that will be created.
The aim of the Wind-Nova scheme is to create synergies that will allow the sale of mobile contracts to Nova customers, but also to lead to the expansion of the subscription base on Pay TV. It also sees significant margins for reducing the operating costs of the new company due to the economies of scale that will be created. These synergies are expected to be fully implemented one and a half years after the completion of the Wind acquisition agreement.
Costas Ketsietzis
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Source From: Capital
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