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ATHENS, July 1 (Reuters) Greek telecoms company OTE said on Tuesday it had submitted a non binding offer of 250 million to 300 million euros to acquire rival Forthnet pay TV operations.OTE had been in talks with the main shareholder of its small rival Forthnet about the acquisition. The move comes weeks after its biggest domestic rival Vodafone acquired an option to increase its 6.5 percent stake in Forthnet to 19.75 percent.Gaining control of Forthnet pay TV business Nova would help either OTE or Vodafone boost their market share and squeeze more revenue from customers.non binding offer is within the range of 250 300 million euros on a debt free, cash free basis of the Nova pay TV operations.Barclays is OTE financial adviser on the deal.OTE, a former monopoly and currently 40 percent owned and managed by Deutsche Telekom, is betting on high speed internet and subscription television services as a way to stop losing telephone service clients to cheaper rivals.sees significant growth potential for Greek pay TV services, to the benefit of consumers. The intended agreement will be beneficial to al involved parties and is consistent with the group strategic priorities, OTE said..

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