Wind Hellas
Parent United Group | | |
Website | www |
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WIND Hellas (formerly TELESTET Hellas and later also TIM Hellas) was a
.As of September 2010, WIND was the third largest
On January 11, 2023, WIND Hellas merged with
to Nova.History
TELESTET Hellas (1992-2004)
In 1992, STET Hellas Telecommunications S.A. was founded, as a subsidiary of the Italian company
Commercial operation started on June 29, 1993 when the first call from a mobile phone took place in the country.[6]
In 1998 TELESTET was the first Greek mobile telephone communications company to be listed in international stock markets, the Nasdaq in New York City and the Euronext Amsterdam.
From 23 September 1999 TELESTET operated Iridium, the first mobile-telephony dedicated satellite in Greece.[7]
In June 2001, TELESTET was the first telecommunications company in Greece and one of the first in the world to obtain ISO 9001:2000 Quality Management certification.[citation needed]
In June 2001 the operator's GPRS service went live. In July 2001 it was awarded the licence to offer a UMTS service for a concession fee of €146.7 million. The UMTS service went live on January 27, 2004.
TIM Hellas (2004-2007)
On February 8, 2004, the company’s brand name changed to TIM Hellas, the name of the parent company TIM Hellas Telecommunications S.A.,
On April 4, 2005 TIM agreed to sell its 80.87% equity stake in TIM Hellas to funds advised by Apax Partners and TPG Inc. The transaction was for €1,114.1 million which valued TIM Hellas at €1,600 million or €16.43 per share. The transaction was completed following approval by state authorities in July 2005.
On January 31, 2006 WIND Hellas acquired Q-Telecom,[6] Greece’s 4th mobile operator, for €350 million and in May 2007 the two mobile networks were merged.[9][10]
WIND Hellas (2007-2021)
On February 7, 2007, Apax Partners and TPG announced that TIM Hellas had been purchased outright by
In December 2009, Nassos Zarkalis, previously head of Hellas Online, became CEO of WIND Hellas.
On October 18, 2010 the principal shareholders in WIND Hellas (Mount Kellett Capital, Taconic Capital Advisers,
Acquisition by the United Group and merger with NOVA Greece (2021-present)
On August 16, 2021 it was announced that
The crisis and the creditors
The economic recession in Greece caused Wind Hellas severe financial difficulties. Sawiris sold the assets of the holding company (Weather Finance III) to a group of creditors, the SSN Ad Hoc Committee. The group of senior bondholders established a new holding company (Largo Ltd.) which took full control of WIND Hellas in December 2010 and appointed a new board of directors.[19]
WIND Hellas subscriber numbers
WIND issue customers with telephone numbers that begin with either 693 or 690 followed by a seven digit subscriber number. As WIND also own Q-Telecom, they can issue 699 numbers, but these are currently only allocated to new Q-Card customers.
Vodafone merger talks
In 2011 Vodafone opened talks with the owners of WIND Hellas regarding merging the two firms' operations in Greece, to better challenge market leader COSMOTE. In February 2012 Vodafone pulled out of the talks.[20]
On July 25, 2020 it was announced that Wind Hellas and Vodafone agreed to merge their base stations and antennas into a newly created company called Vantage Towers Greece in which Vodafone would hold a 62% and Wind 38%. This newly company will have 5.200 base stations. This idea comes after Vodafone Group decided to merge all its antennas and base stations that Vodafone is operating in Europe. On March 26, 2021 when Vantage Towers entered the Frankfurt stock exchange WIND Hellas sold its 38% stake to Vantage Towers for 288 million euros. Through the IPO that was launched WIND Hellas bought 100 million euros in shares.
Wind Vision
On 25 April 2018, WIND CEO Nassos Zarkalis introduced the company's
See also
- NOVA Greece
- STET – Società Finanziaria Telefonica
- Telecom Italia
- Telecom Italia Mobile
- Telecommunications in Greece
- Weather Investments
- WIND (Italy)
- Wind Vision
References
- ^ a b "Government Gazette, companies SA and LTD, 3902/04-08-1992: Announcement of registration to the Limited Companies Register of the Limited Company with the name «STET HELLAS Telecommunications Commercial and Industrial Limited Company (AEBE)»". et.gr (in Greek). National Printing House of Greece. p. 3.
Notice: When click on the hyperlink title then it will be automatically downloaded the PDF file of the Government Gazette
- ^ "WIND Hellas 3rd quarter 2010 Results" (PDF). wind.gr (in Greek). October 18, 2010. pp. 1–10. Retrieved October 25, 2010.
- Agency for Support for BEREC.
- Agency for Support for BEREC. Retrieved December 11, 2018.
- ^ "Government Gazette 5292/B/26-11-2018". et.gr (in Greek). National Printing House of Greece.
Notice: When click on the hyperlink title then it will be automatically downloaded the PDF file of the Government Gazette
- ^ a b "WIND HELLAS Milestones". wind.com.gr (in Greek). Archived from the original on September 26, 2010. Retrieved October 26, 2018.
- ^ "European Survey of Information Society Projects and Actions website". European Survey of Information Society. Archived from the original on July 5, 2008. Retrieved October 26, 2010.
- ^ "Government Gazette, companies SA and LTD, 13326/03-11-2004". et.gr (in Greek). National Printing House of Greece. p. 1.
Notice: When click on the hyperlink title then it will be automatically downloaded the PDF file of the Government Gazette
- ^ "Government Gazette, companies SA and LTD, 2707/25-04-2007". et.gr (in Greek). National Printing House of Greece. p. 8-9.
Notice: When click on the hyperlink title then it will be automatically downloaded the PDF file of the Government Gazette
- ^ "Government Gazette, companies SA and LTD, 4060/06-06-2007". et.gr (in Greek). National Printing House of Greece. p. 3.
Notice: When click on the hyperlink title then it will be automatically downloaded the PDF file of the Government Gazette
- ^ "Funds advised by Apax Partners and TPG announce the sale of TIM Hellas to Weather Investments". February 7, 2007. Retrieved October 26, 2010.
- ^ a b "Government Gazette, companies SA and LTD, 3815/01-06-2007". et.gr (in Greek). National Printing House of Greece. p. 2.
Notice: When click on the hyperlink title then it will be automatically downloaded the PDF file of the Government Gazette
- ^ "WIND Hellas press release" (PDF). wind.gr (Press release). October 18, 2010. Retrieved October 26, 2010.
- ^ "United Group completes acquisition of Greek telecoms operator Wind Hellas". United Group. January 12, 2022.
- ^ "United Group agrees to acquire Greek telecoms operator Wind Hellas". United Group. August 16, 2021.
- ^ "Companies Wind and Nova are becoming one and offer unlimited communication and entertainment". Kathimerini (in Greek). December 20, 2022.
- ^ "Starts the new consolidated Wind-Nova". Kathimerini (in Greek). December 1, 2022.
- ^ "Completion of the acquisition of WIND by the United Group (UG)". wind.gr (Press release) (in Greek). January 12, 2022. Archived from the original on November 28, 2022.
- ^ "Wind Hellas takeover completed, new board appointed". December 17, 2010.
- ^ Holton, Kate (February 6, 2012). "Vodafone abandons Greek talks with Wind Hellas". Reuters. Retrieved September 15, 2012.