Deutsche Telekom Buys 5% Stake in Greece's OTE
21 Março 2018 - 07:14AM
Dow Jones News
By Nektaria Stamouli
ATHENS--Deutsche Telekom (DTE.XE) will acquire a 5% stake in
OTE, Greece's biggest telecommunications operator, the Greek
privatization fund said on Wednesday.
The German telecommunications company already owns a 40% stake
in OTE, Greece's former national monopoly.
Last month Greece launched a tender to sell a 5% stake in OTE as
part of its third bailout program.
The state fund did not receive any bids and has invited Deutsche
Telekom, which also manages OTE, to exercise its right of first
refusal to buy the shares. Deutsche Telekom will pay 284.05 million
euros ($349.31 million) for the 5% stake.
Write to Nektaria Stamouli at nektaria.stamouli@wsj.com
(END) Dow Jones Newswires
March 21, 2018 05:59 ET (09:59 GMT)
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