Giannis Alafouzos in advanced talks to acquire Nova

Giannis Alafouzos, the owner of SKAI, is reportedly in advanced negotiations to acquire Nova, a major Greek telecommunications and subscription provider. This potential move is expected to significantly reshape the Greek media and business landscape.

An acquisition or substantial stake in Nova would provide Alafouzos with critical technical infrastructure, including fixed, mobile, and internet networks, as well as a large subscriber base and premium sports broadcasting rights. This follows his recent expansions, such as the creation of SPORT FM TV and his role as president of the Super League.

The negotiations occur as Nova’s parent company, United Group, faces interest from various domestic and international investors. This development comes amid broader market shifts, including discussions regarding the creation of a Greek streaming platform by other major industry players.