Forthnet
Encyclopedia
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 (34.60%), Stichting Pensioenfonds ABP
(13.20%), Cyrte Investments (8.35%) 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). The transaction is valued at 430 million euros. In 2008 Nova Greece had 350,000 subscribers.
Internet service provider
An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...
established in October 1995 by Minoan Lines SA
Minoan Lines
Minoan Lines is one of the dominant passenger ferry companies in Greece, sailing between Piraeus and Crete and in the Adriatic Sea, between Patras and various Italian ports. The company was founded in May 1972...
and the
Foundation for Research & Technology - Hellas
Foundation for Research & Technology - Hellas
The Foundation for Research & Technology - Hellas is a research center in Greece, supervised by the Ministry for Education through its . It consists of seven research institutes, which are located in various cities of Greece: Heraklion, Rethymno, Patras and Ioannina...
(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 (34.60%), Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP , frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands...
(13.20%), Cyrte Investments (8.35%) and the Foundation for Research & Technology - Hellas
Foundation for Research & Technology - Hellas
The Foundation for Research & Technology - Hellas is a research center in Greece, supervised by the Ministry for Education through its . It consists of seven research institutes, which are located in various cities of Greece: Heraklion, Rethymno, Patras and Ioannina...
(4.20%), with the rest owned by small investors. Forgendo is a joint venture between Emirates International Telecommunications
Dubai Holding
Dubai Holding is a holding company that belongs to the Government of Dubai . It manages and controls 20 companies, which operate in real estate, hospitality, finance, healthcare, energy, research, education, entertainment, media, internet, tourism and biotechnology...
and its subsidiary GO
GO (Malta)
GO p.l.c. is a provider of local and long distance telephone services, wireless service, cable television, and DSL Internet access. GO is based in Marsa, Malta.-History:...
.
On April 14, 2008, Forthnet purchased Netmed, parent firm of NOVA Greece
NOVA Greece
NOVA Greece is a Greek digital satellite pay TV platform owned by Multichoice Hellas. It was launched in December 1999.NOVA offers Greek subscribers an array of international and domestic programmes plus the majority of popular Greek terrestrial TV channels along with a number of Greek...
and NOVA Cyprus
NOVA Cyprus
NOVA Cyprus is a Cypriot digital satellite pay television service owned by Multichoice Cyprus. NOVA launched in July 2004 and was the first DTH satellite provider to launch in Cyprus...
(DTH satellite providers in Greece and Cyprus). The transaction is valued at 430 million euros. In 2008 Nova Greece had 350,000 subscribers.