On 29 May 2020 BC Partners' United Group agreed to purchase a majority stake in Nova from a consortium of 4 Greek banks.

On October 15, 2021, Nova announced that they would be shutting down some of their older services (like Dialup, Call-by-Call and old technology ADSL) on December 15 of the same year.

Forthnet was established in October 1995 by Minoan Lines SA and the Foundation for Research & Technology – Hellas.

Nova brand was launched in Greece in December 1999 for the satellite television platform by Naspers, a South African company, who also operated MultiChoice.

[6] On April 14, 2008, Forthnet reached an agreement with Naspers to purchase Netmed, the parent company of Nova satellite television platform in Greece and Cyprus for €430 million.

In March 2021, it was announced that Nova had 456,500 pay television subscribers making it the second largest TV provider.

This service requires an extra subscription fee but also provides the subscriber with the option to watch two different channels on two different TV sets in the same household.