Privatization fund set to sell 5% stake in telecoms provider OTE
Greece’s privatization fund announced that it was in the process of selecting a consultant for the sale of 5 percent of the telecoms provider OTE’s shares, a stake it currently holds in its portfolio.
A relevant invitation of interest has already been published.
The fund, officially known as the Hellenic Republic Asset Development Fund (HRADF), is tasked with selling-off the stake, which is a memorandum-mandated provision.
OTE was once the wholly state-owned and managed telephony monopoly in the country. Deutsche Telekom currently owns 40 percent of OTE’s shares and controls the management.
You may be interested
Metsovo: Lakes, Ski Resorts and BearsPanos - Nov 22, 2017
Metsovo is a renowned mountainside town straddling the Pindus mountain range where Epirus converges with western Macedonia and Thessaly. Standing…
Tourists in Greece exceed 23.5 million over first nine monthsPanos - Nov 22, 2017
According to the Bank of Greece (BoG), there was a 10.3% increase in the tourism revenue for the first nine…
Mitsotakis Interview: Over-taxation in Greece is SurrealPanos - Nov 22, 2017
Main opposition leader Kyriakos Mitsotakis is in Strasbourg, where he had meetings with leaders of the European People’s Party (EPP),…