BUSINESS

Greece seeks adviser for OTE stake sale

TAGS: Privatizations

Greece is seeking a financial adviser for the sale of a 5 percent stake in its biggest telecoms operator OTE, its privatization agency (TAIPED) said on Thursday.

The sale is a condition of Greece’s international bailout.

OTE, a former national monopoly, is now 40 percent owned and managed by Germany’s Deutsche Telekom.

[Reuters]

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