NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E.
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NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E. - overview
Established
1995
Location
Athens, -, Greece
Primary Industry
Telecoms
About
Based in Greece, Nova Telecommunications and Media provides comprehensive telecommunications services, including high-speed internet, mobile communications, and digital TV solutions. Founded in 1995 in Athens, Greece, Nova Telecommunications and Media specializes in telecommunications services. The company was acquired by Brazil Technology and Participations S/A in July 2024 for BRL 74. 75 million.
Dimosthenis Broussalis and Lynn Coyle are noted as founders, with George Papadimitriou serving as CEO. The firm has completed 2 deals to date, with the most recent occurring on July 29, 2024. Nova offers a comprehensive suite of telecommunications services focusing on high-speed internet and communication solutions. Their core offerings include Fiber internet with speeds up to 3 Gbps, Unlimited Voice and SMS packages, and diverse mobile plans featuring devices from recognized brands such as Samsung and Xiaomi.
Additionally, Nova provides EON TV, delivering a mix of sports, movies, series, and children's programming to a wide audience across Greece and other European regions. In 2021, Nova reported revenues of USD 288. 57 mn, while the EBITDA for the same year was USD -106. 24 mn.
The company generates revenue primarily through subscription-based services, ensuring a steady cash flow from internet, mobile, and television plans. Following the recent acquisition in July 2024, Nova plans to leverage the new funding primarily for expanding its service offerings. The company is set to launch new mobile plans by the end of 2024 and aims to penetrate further into European markets to increase its customer base. The funding is expected to support these initiatives, enhancing its competitive position in the telecommunications industry.
Current Investors
United Group B.V.
Primary Industry
Telecoms
Sub Industries
Cable Service Providers, Fiber Optics, Internet Service Providers, Telecoms Providers & Services
Website
www.nova.gr
Company Stage
Add-on
Total Amount Raised
Subscriber access only
NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E. - timeline of key events
NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E. | - | ||||||||
| Add-on | Completed | NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E. | - |
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NOVA TELECOMMUNICATIONS AND MEDIA SOLE REPRESENTATIVE A. E. - employee data
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