Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
DT eyes remaining 10 pct stake Greece holds in OTE

By Vangelis Mandravelis

Deutsche Telekom is expressing renewed interest in acquiring the 10 percent stake in the Hellenic Telecommunications Organization (OTE) that belongs to the Greek state.

On Thursday Timotheus Hoettges, the new head of the German telecom giant, which currently holds 40 percent of the Greek telecommunications provider, met with Prime Minister Antonis Samaras and the management of OTE and reportedly told them that a new acquisition would be beneficial to DT.

Hoettges informed Samaras about the German group’s strategy on telecom growth internationally, as well as plans for the development of the OTE group in Greece with the realization of investments totaling 1.2 billion euros in the next four years.

“For us, OTE constitutes an investment of strategic significance with long-term prospects,” the head of the German company said as he left the prime minister’s office. He added that OTE “has achieved its operation transformation into a high-performance company with healthy financial figures and low borrowing.”

Samaras lauded DT’s investment in Greece, branding it the “tangible confidence” of a major international group in the Greek economy.

OTE officials qualified Hoettges’s contacts in Athens as acquaintance meetings, but many people in the know are beginning to discern an agreement between the government and the German company concerning the remaining Greek holding in OTE, which amounts to 10 percent and belongs to the state and the Social Security Foundation (IKA). Speaking to some 400 OTE officials, Hoettges made no secret of his intentions, saying that “the 40 percent [stake] does not constitute a prospect for the future.”

ekathimerini.com , Thursday Jan 30, 2014 (22:05)  
Tourism targets rise ever higher
Horse race betting hurdle removed for OPAP
Revised GDP data confirm that Greek growth is near
Measures to reduce unemployment
Education minister calls for probe into predecessor´s reform plan
Following reports that a plan to reform the tertiary education sector launched in the spring of 2013 failed to lead to millions of euros in savings, Education Minister Andreas Loverdos on Mo...
Anti-racism bill goes back to Parliament
An anti-racism bill, foreseeing stiffer penalties for individuals and political parties that engage in racism or incite racist violence, is to be debated in Parliament on Tuesday following m...
Inside News
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
ANALYSIS
EU’s three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Poland’s prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the country’s need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Don’t feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. The battle against progress
2. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.