Greece to sell 10% in OTE to Deutsche Telekom - report

Thursday 2 June 2011 | 11:09 CET | News
Greece will sell 10 percent of its remaining share in OTE by activating an option with Deutsche Telekom, a finance ministry source told AFP. Finance Minister George Papaconstantinou earlier held a meeting on the issue with officials from the German company, which already controls some 30 percent of the Greek operator. The semi-state Athens News Agency reported that DT is obliged to buy a 10 percent stake in OTE at a pre-agreed price under an agreement in 2008. The Greek state currently has a 16 percent stake in OTE. The price will be 15 percent higher than the average share price of the last

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Deutsche Telekom / OTE
Countries: Greece
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Greece sells 10% in OTE to Deutsche Telekom for EUR 400 mln

Published 07 Jun 2011 09:35 CET | Greece
Greece has exercised its put option to sell a 10 percent stake in OTE to Deutsche Telekom. The option was agreed in May 2008, ...

Greek govt invites DT for OTE sale talks

Published 27 May 2011 09:20 CET | Greece
The Greek government approached Deutsche Telekom to discuss the sale of the state's remaining stake in OTE, Dow Jones reports. ...