Wind Hellas Business Evolution and Developments

Wind Hellas has undergone significant business evolution and developments over the years. It has been a subsidiary of Mytilineos Group since 2009.

The company has a strong presence in the Greek energy market, with a wide range of services including electricity and gas supply, energy efficiency solutions, and renewable energy projects.

Wind Hellas has a diverse portfolio of projects, including wind farms, solar parks, and biomass power plants.

The company's commitment to innovation and sustainability has led to the development of cutting-edge energy solutions and technologies.

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Wind Hellas was purchased outright by Weather Investments in 2007 for 500 million Euros of equity plus 2.9 billion Euros of net debt.

The company name changed to Wind Hellas on June 5, 2007, in line with Italian telecom operator Wind Telecomunicazioni.

Nassos Zarkalis took over as CEO of Wind Hellas in December 2009, previously heading Hellas Online.

In 2010, the principal shareholders in Wind Hellas injected 420 million Euros to reduce debt and fund long-term development plans.

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Wind Hellas faced severe financial difficulties due to the economic recession in Greece. The crisis led to a significant impact on the company's financial health.

The company's holding company, Weather Finance III, was sold to a group of creditors, the SSN Ad Hoc Committee, in a move to address the financial difficulties. This sale marked a significant change in the company's ownership structure.

In December 2010, a new holding company, Largo Ltd., took full control of Wind Hellas, replacing the previous management team. The new holding company was established by the group of senior bondholders.

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Vodafone has completed the combination of its tower infrastructure assets with those of Wind Hellas Telecommunications SA, creating the largest tower infrastructure company in Greece, Vantage Towers Greece.

Vodafone owns 62% of Vantage Towers Greece, while Crystal Almond S.À.R.L owns the remaining 38%.

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Wind Hellas issues telephone numbers that begin with either 693 or 690, followed by a seven-digit subscriber number.

These numbers are unique to Wind Hellas, but customers can also have numbers originally allocated to Vodafone or Cosmote due to mobile number portability.

Wind also owns Q-Telecom, which allows them to issue 699 numbers, currently only allocated to new Q-Card customers.

Wind customers can have a variety of telephone numbers, giving them flexibility in their communication.

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Vodafone Greece combined its tower infrastructure assets with those of Wind Hellas Telecommunications SA in 2020.

This move created Vantage Towers Greece, the largest tower infrastructure company in Greece. The combined entity has 5,200 base stations, a significant upgrade from Vodafone's previous operations.

Vodafone owns 62% of Vantage Towers Greece, while Crystal Almond S.À.R.L owns the remaining 38%. This ownership structure sets the stage for future growth and development.

Vantage Towers has a call option to acquire the remaining 38% of Vantage Towers Greece for €288 million in cash, exercisable by December 31, 2021. If the option is exercised, Vodafone's stake will increase to 100%.

Wind Hellas sold its 38% stake in Vantage Towers to the newly created company for €288 million in 2021, marking a significant financial transaction.

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