Close
Close

Published

Vodafone buys its second Greek fixed line operator in two months

The latest in Vodafone’s string of acquisitions of wireline operators has been announced in Greece, where the UK-based multinational will buy Cyta Hellas for €118m ($145m), its second broadband purchase in the country in two months – if the European competition authorities clear a deal that will reduce the market to just three operators. The EU has often been hostile to such acquisitions, as Hutchison Three found when its bid for O2 UK was blocked because it would reduce the UK to three mobile operators. Such decisions tend to ignore the fact that the real market advantage now lies in fixed/mobile and quad play services, so in the UK, BT’s purchase of leading MNO EE, which was allowed, has created…

Close