MIG keeps raising OTE stake

18 Oct 2007

Greek investment firm MIG has raised its stake in the country’s incumbent telco OTE to 13.05% according to stock market filings. Analysts estimate that MIG has invested up to EUR1.5 billion (USD2.1 billion) in OTE’s stock and is now holding 64 million shares. During the last month MIG raised its stake by 3%, spending around EUR300 million. On 17 September its stake was 10.05%. Analysts expect that MIG will continue to raise its stake further.

Greece, Cosmote