State not hurrying to sell OTE stock

15 Oct 2007

Greece’s Finance Ministry has said that the state will not actively seek further privatisation of former monopoly telco OTE in the foreseeable future. The government’s attempts to attract a major European telecoms company to invest in OTE failed earlier this year. One possible candidate, Spain’s Telefonica, last week confirmed that it is not interested in the Greek incumbent.

Greece, Cosmote, Telefonica