Comstar acquires third largest Greek ISP

The company Comstar has bought the Greek Internet service provider Hellas on Line, which has the third largest share of Greece's ISP market. Comstar reportedly forked over some 48 million euros for a 51-percent stake in the company. HoL presently serves 12 percent of the country's broadband users. The ISP has a total of 35,000 ADSL subscribers and 70,000 dialup subscribers. Comstar CEO Erik Franke primarily intends to integrate HoL into Comstar and conduct rebranding of its services and product offers.