World VoIP NewsGO venture buys more ForthNet sharesGO venture buys more ForthNet shares

GO venture buys more ForthNet shares


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Maltese telco GO has announced that Forgendo, its joint venture with Emirates International Telecom (Malta), this week acquired a further 4,316,931 shares.
Maltese telco GO has announced that Forgendo, its joint venture with Emirates International Telecom (Malta), this week acquired a further 4,316,931 shares in Greek alternative broadband and fixed line operator ForthNet, for a price of EUR4.67 million (USD6.28 million), raising its stake to 39.879%.

According to TeleGeography's GlobalComms Database, the Maltese venture's stake stood at around 37% at end-July 2009.


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