Greek govt invites DT for OTE sale talks

Friday 27 May 2011 | 09:20 CET | News
The Greek government approached Deutsche Telekom to discuss the sale of the state's remaining stake in OTE, Dow Jones reports. Finance Minister George Papaconstantinou sent a letter to the board of Deutsche Telekom to begin the procedure, the minister's office said. It added that the move followed "a decision by the cabinet on the further privatization of OTE." The Greek government said it will reduce its 16-percent stake in OTE by next month amid plans to raise EUR 50 billion from state asset sales to reduce the country's huge debt. Deutsche Telekom already controls 30 percent of OTE.

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Categories: General
Companies: Deutsche Telekom / OTE
Countries: Greece
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