DT interested in increasing OTE stake

10 Sep 2010

According to OTE CEO Panagis Vourloumis, Deutsche Telekom is seeking to increase its stake in the Greek operator. ‘Deutsche Telekom is interested in acquiring full control of its Greek unit Hellenic Telecoms (OTE), and while the Greek government does not want to sell its stake at such low prices, DT would like the government to allow it to buy shares on the market,’ Vourloumis said at a press conference. The German giant currently holds a 30% stake in OTE, while the state retains a 20% holding.

Greece, Cosmote, Deutsche Telekom (DT)