Greece begins OTE 5% stake sale process

7 Apr 2017

The Greek government’s privatisation agency TAIPED has begun the search for an adviser to assist with the sale of a 5% stake in national telecoms operator OTE Group, which provides fixed and mobile services under the Cosmote brand. The government has agreed to halve its 10% interest in OTE Group as part of the conditions of Greece’s international bailout. The group is currently 40%-owned by Deutsche Telekom (DT) of Germany, and there has been speculation that DT could buy the state’s shares to increase its own interest to 45%. Alongside its domestic interests, OTE Group is also active in Romania and Albania.

Greece, Cosmote, OTE Group