Completion of this transaction is subject to a number of conditions, including all necessary authorities and regulatory approvals.

Commenting on the agreement, INTRACOM HOLDINGS and hellas online CEO, Mr. Constantinos Kokkalis said: "It is one of the most important agreements in our country, as a vote of confidence in the prospects of the Greek economy from a global leader and recognition of the value we have created in hellas online in recent years. The development is in line with international trends towards convergence and consolidation of the telecoms market and paves the way for further investment and growth in the broadband sector. We are extremely proud, because in 8 years hellas online managed to become from a reseller of internet service provider to a leading player of integrated broadband services. In parallel, for INTRACOM HOLDINGS Group this agreement, with very beneficial conditions under current market conditions, generates liquidity for the group that will enable new investments in strategic sectors of the Greek economy. "

About hellas online

With the most reliable new technological solutions, hellas online provides a wide range of telecommunications services to residential customers as well as for professionals, small and medium-sized and large organizations. Since 2009, the company has a strategic partnership with Vodafone, through shareholder agreement and commercial synergies, offering bundled mobile, fixed and ADSL Internet. hellas online has the second largest privately owned fiber optic network in Greece, with 5,200+ km which reaches 50 provinces and 141 cities, and 519,000 LLU customers and more than 5,000 corporate customers, including 1,500 with Fiber To The Building. In 2013, the total income of the company amounted to € 227,4 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) to € 68,4 million., while the total investment since the beginning of 2006 exceeds € 440 million .