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United Group Completes Acquisition of Wind Hellas

Paul, Weiss represented BC Partners portfolio company United Group, the leading provider of telecommunications services and media in southeast Europe, in its acquisition of telecoms operator Wind Hellas from Crystal Almond Holdings Limited. After receiving the European Commission’s unconditional approval in December 2021.

Greece-based Wind Hellas is one of the country’s three mobile, fixed, internet and television service operators, with a total of 4.2 million users. The transaction will enable United Group to combine Wind with its existing Greek pay-TV provider Nova to create a strong converged operator that will be Greece’s number two player in both fixed and pay TV services. Financial terms of the transaction were not disclosed.

The Paul, Weiss team included corporate partners Adam Wollstein and Alvaro Membrillera; and antitrust counsel Yuni Sobel.

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