Forthnet

Forthnet

Industry	Telecommunications
Founded	1995
Founder	Foundation for Research & Technology – Hellas Minoan Lines
Headquarters	Heraklion, Greece
Area served	Greece
Key people	Padmanabhan Deepak Srinivas (Chairman)
Products	Fixedline telephony Broadband Direct Broadcast Satellite
Revenue	€465.26 million (2015)^[1]
Operating income	€136.64 million (2015)^[2]
Net income	€90.79 million (2015)^[3]
Total assets	€820.84 million (2015)^[4]
Total equity	€341.31 million (2015)^[5]
Owner	Forgendo Limited (45.20%)^[6]
Number of employees	1,000(2015)
Subsidiaries	NOVA Greece NOVA Cyprus
Website	www.forthnet.gr

Forthnet S.A. is a Greek Internet Service Provider established in October 1995 by Minoan Lines SA and the Foundation for Research & Technology - Hellas (Ίδρυμα Τεχνολογίας και Έρευνας, Ι.Τ.Ε), also known as FORTH.

Forthnet's valuation currently stands at €260,000,000 and its shareholders are: Forgendo Ltd. (45.20%), WIND Hellas (33.00%), Vodafone Group (6.51%) and the Foundation for Research & Technology - Hellas (4.20%), with the rest owned by small investors. Forgendo is a joint venture between Emirates International Telecommunications and its subsidiary GO.

On April 14, 2008, Forthnet purchased Netmed, parent firm of NOVA Greece and NOVA Cyprus (DTH satellite providers in Greece and Cyprus).^[7] The transaction is valued at 430 million euros. In 2014 Nova Greece had 500,000 subscribers.

References

External links

Forthnet logo prior to 2007

Forthnet SA home page

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