Deutsche Telekom raises stake in Greece's OTE to 45 percent
Reuters
Published May 30, 2018 12:27
Deutsche Telekom raises stake in Greece's OTE to 45 percent
FRANKFURT (Reuters) - Germany's Deutsche Telekom (DE:DTEGn) said on Wednesday it had paid 284 million euros (248.8 million pounds) for a 5 percent stake in Greek telecoms operator OTE (AT:OTEr), raising its holding to 45 percent.
The transaction, announced earlier by the Greek privatisation agency, had been expected after a tender attracted no bids and Deutsche Telekom was invited to exercise its right of first refusal to buy the stake.
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Written By: Reuters
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