Wind Hellas Telecommunications, an integrated telecommunications provider, and Vodafone, a provider of converged fixed, mobile and TV services, formed Vantage Towers Greece, a tower infrastructure platform. Vodafone will own 62 percent of Vantage Towers Greece and Crystal Almond, the controlling shareholder of Wind Hellas, will own the remaining 38 percent. Vantage Towers has a call option until 31 December 2021 to acquire the remaining 38 percent of Vantage Towers Greece from Crystal Almond for €288 million in cash (with the price increasing by 5 percent if the Call Option has not been exercised by 1 July 2021). "Today’s launch of Vantage Towers marks significant progress of the strategy I established when I became Vodafone CEO, specifically relating to the key pillar of improving asset utilisation. Vantage Towers will also unlock further value for shareholders, notably through the IPO targeted for early 2021. As Europe’s leading mobile and fixed services provider, we have now created Europe’s leading tower infrastructure company, which will play a central role in enabling Europe’s sustainable and inclusive digital society," Nick Read, Vodafone Group CEO. 21 Dec 2020 Vodafone announced it has completed the combination.