Should be a done deal by Xmas assuming the NRA allows it. This should create an equivalent competitor to Greek Cosmote who controls about 48 percent of the market. Wind has had its share of troubles, bankrupt almost twice where shareholders via their representatives were forced to take control and salvage the company.
The issue will be network and administrative rationalization with over 1000 layoffs. This will also result in rationalizations on the supply side (infrastructure and service vendors) as well as collateral industries and government representative associations.This will also mark the end of an era since Telestet (Stet hellas-TIM-Wind) was the first to offer mobile services at premium prices in Greece.
The move will control with Cosmote most of the mobile market, for the time being.
The move is expected to also bring some sort of price stabilization, since prices have been in free fall since 2008.
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