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OTE sees 1 billion euros from units' sale

Hellenic Telecommunications Organization SA, known as OTE, expects to raise around 1 billion euros ($1.26 billion) in the coming months from the sale of two units, Euro2day said, without citing anyone.

OTE is anticipating its Globul mobile unit in Bulgaria to sell for around 800 million euros and that of Hellas Sat SA for around 150 million euros, helping to provide much of the liquidity needed to refinance debt in the coming years, the Athens-based financial website reported Friday. [Bloomberg]

ekathimerini.com , Friday September 7, 2012 (11:30)  
SME interest in subsidies beats forecast
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Creditors push for social security contribution reduction
Commission offers praise and concern
No damage or injuries as bomb explodes close to Greek embassy in Libya
A bomb went of on the street where the Greek embassy in Tripoli, Libya, is located but the building was not damaged and there were no injuries, the Foreign Ministry said on Saturday. "This l...
As visit to China concludes, Samaras offers incentives to invest in Greece
Any Chinese person investing more than 250,000 euros in real estate in Greece will be given a five-year residence permit without having to fulfill any other criteria, Prime Minister Antonis ...
Inside News
SOCCER
Atromitos beats PAOK, PAS downs Asteras
The start of the Super League playoffs for Greece’s second spot in next season’s Champions League has complicated things, as the teams that started as underdogs beat the favorites at home on...
SOCCER
AEK set for liquidation and third tier
AEK Athens said on Tuesday it was preparing to declare bankruptcy and seek relegation to the third division. AEK was relegated from the Super League for the first time in its 89-year history...
Inside Sports
COMMENTARY
We’re not out of the woods
The gradual arrival of summer usually brings a sense of well-being and this year it seems to confirm the belief that Greeks are beginning to change their stance toward their new state of bei...
EDITORIAL
A disgrace to Parliament
The events that unfolded in Parliament on Friday, when a Golden Dawn deputy was ejected for hurling insults at his peers, should be a cause for serious concern regarding the direction that t...
Inside Comment
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