Eutelsat interested in Greece’s Hellasat

French satellite operator Eutelsat Communications Group SA is interested in buying Greek counterpart Hellasat from OTE, Eutelsat Chief Executive Officer Giuliano Berretta said. He told Italian business newspaper Il Sole 24 Ore

Spidernet to acquire Netway

Spidernet Services Public Limited (SNET) announced that it will proceed with the acquisition of 100% of D.S.P. Netway Limited for total consideration of EUR2.5 mln, part of which in cash, and the

SFS acquisition of White Knight approved

The Securities and Exchange Commission approved the Public Offer document made by SFS Group Plc (SFS.CY) to acquire up to 100% of the share capital of its subsidiary company White Knight Holdings

Ocean Tankers profits increase

Ocean Tankers Holdings Pcl (OCT.CY) announced its 1H08 results recording a net profit of EUR 4.45 mln, compared to EUR 0.84 mln in 1H07. The increase is associated with the acquired vessels

Oil falls to three-month low of $118

Oil fell to $118 a barrel on Tuesday, a three-month low, as investors focused on rising OPEC supply and declining demand in the United States and Europe. The loss extends a slide