Arabsat buys HellasSat
HellasSat, part of Greece’s OTE telecoms company, is being bought by Saudi Arabia-based Arabsat. The Arab satellite company is paying $157 million for HellasSat plus a payment of $53.4 million for the cash reserves held by HellasSat. The total of $208 million will give Arabsat 99.05 per cent of the Greek business. The remaining 0.95 […]

