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General

Deutsche Telekom increases stake in OTE

Wednesday 5 August 2009 | 11:50 CET | News
Deutsche Telekom has purchased another 24.5 million shares in Greek operator OTE for EUR 674 million from the Greek government. This reduces the government's stake in the incumbent operator to 20 percent from 25 percent, according to an OTE filing with the stock exchange. Deutsche Telekom bought the shares under a put option agreed with the Greek state when it first bought into OTE last year. The German operator now has a 30 percent stake in OTE.

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Categories: General
Companies: ikanos / OTE
Countries: Greece
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