BoA Merrill Lynch is advising UK-based mobile operator Vodafone about merging its Greek subsidiary with local rival Wind Hellas, TelecomFinance has learnt.
A Vodafone spokesman declined to comment on the mandate, but reaffirmed that discussions his…
BoA Merrill Lynch is advising UK-based mobile operator Vodafone about merging its Greek subsidiary with local rival Wind Hellas, TelecomFinance has learnt.
A Vodafone spokesman declined to comment on the mandate, but reaffirmed that discussions his group is having with Wind about a “potential business combination” are still at an “early stage”.
However, the Daily Telegraph reported yesterday that a deal, which has already been agreed in principle between the two, could see Vodafone take a majority share, and head the day to day operations for the enlarged entity.
Although there is willingness on both sides towards this goal, a final agreement has yet to be reached, reported the paper citing an undisclosed source.
Wind, which was unable to comment on the story, was acquired by its senior bondholders in January this year.
Its new owners, who were advised by Moelis & Company, include Anchorage Capital Group, Mount Kellett Capital Partners, Eton Park International, Taconic Capital Advisers, MBSP and PEP TMT SSF Cayman and Angelo Gordon & Co.
Morgan Stanley managed the sale.