Vodafone Group Public Limited Company (LSE:VOD) is seeking to increase its stake in hellas online S.A. (ATSE:HOL) to 76%, market reports said. This view is finally set to play out in 2014, reports suggested. Vodafone has agreed to acquire Intracom Holdings SA (ATSE:INTRK)'s 57.5% stake in HOL and that the deal will be formally announced very soon.

Vodafone already owns 18.5% of the operator, a stake it has held for several years. Minority investors include World Equities Investments Holdings S.A. with 15.5% stake and it is believed that Vodafone is working to acquire those parties' shares in HOL. Vodafone is also said to be considering acquiring Cyta Hellas Telecommunications S.A. from its parent Cyprus Telecommunications Authority.

The latter is expected to be privatised in the near future and non-core assets divested to help the Cypriot government deal with its international debt crisis