December 23 (SeeNews) - Dutch-based United Group, a leading telecommunications and media services provider in Southeast Europe, said it has received the European Commission's (EC) unconditional approval to acquire Greek telecommunications operator Wind Hellas by it.
The EC's decision gives the green light for United Group to take the final steps to complete the transaction announced in August, the group said in a press release on Wednesday.
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United Group will combine Wind Hellas with Nova, its existing fixed telecommunications and pay-TV services provider in Greece, which was acquired in November 2020, to create a fully converged operator that is to be the Greek market’s number two player in both fixed and pay-TV services.
The acquisition is expected to be finalised in January 2022.
At the beginning of 2021, United Group completed the acquisition of Bulgarian multi-platform media company Nova Broadcasting Group in line with its strategy to own both telecommunications and media assets in the markets it serves. In 2020, United Group bought Bulgarian Telecommunications Company (BTC) which operates under the Vivacom brand.
The group is also present in Croatia, Serbia, Slovenia, Bosnia, Montenegro, North Macedonia and Greece.
(1 euro = 1.95583 levs)