Apax and Orascom watch OTE closely

5 Oct 2006

Private equity house Apax Partners has expressed an interest in buying a stake in Greek fixed line operator OTE, joining other international investors including Egypt’s Orascom Telecom. The Greek government currently holds a 38.7% stake in OTE, with the remainder distributed between international institutional shareholders (40%), Greek institutional shareholders (12.1%) and other shareholders (9.2%).

Greece, Cosmote, Global Telecom Holding (GTH, formerly OTH)