We don’t need Vodafone to stay afloat, says Wind CEO

Greek mobile, broadband and fixed line operator Wind Hellas will survive regardless of whether a proposed merger with rival Vodafone Greece goes ahead, Wind’s CEO Nassos Zarkalis stated yesterday. He was reacting to earlier comments from Michael Tsamaz, his counterpart at Greek incumbent telco OTE, who implied that if regulatory authorities did not approve the merger of Vodafone and Wind – the market’s second and third largest cellcos behind OTE’s Cosmote division – then it would result in an operator becoming bankrupt. As reported by ekathimerini.com, Mr Zarkalis pointed to new financial figures released by Wind showing that it achieved operating profits of EUR124 million (USD168 million) in the first nine months of 2011, with a predicted full-year operating profit above EUR150 million

Read More:
OVETEL We don’t need Vodafone to stay afloat, says Wind CEO