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Forthnet and Emirates...2play

Emirates International Telecommunications (EIT), Forthnets major shareholders, has acquired shares exceeding 3% after last years share capital increase and are estimated at 2.31% since the 10th of June. had noted the EITs intention, which is controlled by the Dubai government, to shield its investment.

On the 3rd and 7th of July, Forgendo, company controlled by EIT had bought a total of 693,750 Forthnet shares, paying 1.26 mil. euro.

It is estimated that since late June, the Arab shareholders of the company have increased their stake to almost 37% against 33.8% a year earlier.
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