Broadband TV News is reporting that German telecoms company Deutsche Telekom (DT) is looking to increase its stake in Greek incumbent telco OTE. According to the report, DT will acquire an additional 5% from the Greek government, bringing its total shareholding to 30% plus one share. According to TeleGeography’s GlobalComms database, the Greek state agreed a deal in May 2008 giving DT and the government equal stakes in OTE of 25% plus one voting share and joint management control; the following month the deal was approved by a slim parliamentary majority. At the same time, DT was granted pre-emptive rights over the remaining shares held by the government, which has a put option for a further 5% tranche, valid for twelve months from October 2008, and a second put option for a 10% stake, valid until 2011. Senior state sources were quoted by local press in June 2008 as saying that DT was likely to buy additional shares on the Athens Stock Exchange (separate from the put options) to lift its holding to 33%, which would trigger a mandatory public offer under stock market rules.