Forthnet

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Forthnet
Industry Telecommunications
Founded 1995
Founder Foundation for Research & Technology – Hellas
Minoan Lines
Headquarters Heraklion, Greece
Area served
Greece
Key people
Padmanabhan Deepak Srinivas (Chairman)
Products Internet service
Revenue Decrease465.26 million (2015)[1]
Decrease136.64 million (2015)[2]
Decrease90.79 million (2015)[3]
Total assets Decrease820.84 million (2015)[4]
Total equity Increase341.31 million (2015)[5]
Owner Forgendo Limited (45.20%)[6]
Number of employees
1,000(2015)
Subsidiaries NOVA Greece
NOVA Cyprus
Website www.forthnet.gr

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[when?] stands at €260,000,000 and its shareholders are: Forgendo Ltd. (45.20%), WIND Hellas (33.00%), Vodafone Group (6.51%) 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).[7] The transaction is valued at 430 million euros. In 2008 Nova Greece had 350,000 subscribers.

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Forthnet logo prior to 2007