OTE aiming for buyout of Cosmoté minority shareholders

13 Apr 2006

Greek telco OTE yesterday increased its stake in its mobile arm Cosmoté for the second time this week, raising its holding to 66.54% from 66.49%. Analysts said the share deals marked the first step in a complete buyout of Cosmoté’s minority stakeholders, seen taking place before the end of 2006, ahead of an expected sale of the government’s 38.6% stake in OTE in 2007.

Greece, Cosmote, Cosmote (old)