OTE’s Cosmote stake rising

14 Nov 2007

Greek incumbent fixed line operator OTE has increased its stake in its wireless arm Cosmote from 67.83% to 77.97% by acquiring an additional 33.955 million shares through a voluntary tender offer launched yesterday. OTE is offering around EUR2.83 billion (USD4.13 billion) for a total of 107.695 million shares.

Greece, Cosmote, Cosmote (old)