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General

Albtelecom rejects talk of sale to OTE

Thursday 7 May 2015 | 17:56 CET | News
Albanian incumbent Albtelecom has denied a report that the company may be sold to Greece's OTE. Sources familiar with the matter told Greek paper Kathimerini that OTE and Albtelecom representatives had met several times, but were yet to reach a deal, mainly due to price disagreements. OTE is already active on the Albanian market through its mobile subsidiary AMC. The Kathimerini report said Albtelecom's Turkish shareholders Calik Holding were asking for EUR 200-230 million for the operator, including EUR 70 million in loans. OTE sources said that price was "inconceivable". 

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Categories: General
Companies: Albtelecom / AMC / OTE
Countries: Albania
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