Cosmote completes acquisition of 12.6% of AMC

6 Mar 2009

The wireless arm of Greek incumbent OTE, Cosmote, has announced that it has signed a share purchase agreement for the acquisition of an additional 12.6% stake in Albanian cellco Albania Mobile Communications (AMC) for EUR48.2 million (USD60.66 million). Following completion of the transaction, Cosmote owns a 95% direct and indirect stake in AMC.

Albania, Cosmote (old), Telekom Albania