According to unnamed sources close to the matter quoted by news site reporter.gr, Deutsche Telekom (DT) and the Greek Government have reached an agreement over DT’s planned purchase of a stake in Greek incumbent telco OTE, under which DT will take a management role in the company in return for buying a 5%-8% stake from the state for a price of around EUR28 a share. According to the same sources the price is higher than the EUR26 a share that DT has already agreed to pay Greek investment holding Marfin Investment Group (MIG) for a 19.99% stake in OTE (a total price of EUR2.55 billion), with the premium reflecting the change of management control. The Greek state currently holds 28.03% in the former monopoly, including a direct stake of 24,96% and an indirect 3.07% through the DEKA fund. In terms of management strategy, DT has reportedly agreed not to sell or split any units from OTE as well as not to proceed with major personnel restructure without the consent of the government. However, according to unconfirmed rumours DT will get full management control after three years. Other rumours indicate that OTE’s domestic and southeast European mobile unit Cosmote will be rebranded under DT’s T-Mobile brand.