World VoIP NewsWind Hellas launches urgent debt restructuringWind Hellas launches urgent debt restructuring

Wind Hellas launches urgent debt restructuring


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Greek mobile, fixed line and broadband operator Wind Hellas also revealed this week that it has begun talks with creditors to restructure debts, prompted by a continuing slump in sales and earnings in April and May, which it says was influenced by the Greek government's austerity measures.
Greek mobile, fixed line and broadband operator Wind Hellas also revealed this week that it has begun talks with creditors to restructure debts, prompted by a continuing slump in sales and earnings in April and May, which it says was influenced by the Greek government's austerity measures.

The company has retained Morgan Stanley, White & Case and Karatzas & Partners as advisers on alternative options and is negotiating with creditor groups and its controlling shareholder Weather Investments.

An analyst quoted by Bloomberg said that the telco has around EUR55 million in debt payments due at the end of the month. Wind Hellas has over EUR1.7 billion of debt in total.


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