MIG confirms international interest in OTE stake

13 Mar 2008

OTE minority shareholder Marfin Investment Group (MIG) has made a statement confirming recent reports that it has received offers from international telecoms investors for its stake in the Greek incumbent. Without naming the companies involved, MIG said it had received proposals from several international investors for the sale of part or all of its 19.75% holding in OTE. Deutsche Telekom is rumoured to be one of the interested parties. MIG does not intend to offload its entire stake, however, as it also stated that its participation in OTE is of a strategic nature, and it is seeking minority representation on the former monopoly’s board of directors.

Greece, Cosmote