Thursday November 27, 2014 Search
Weather | Athens
14o C
8o 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)  
Bourse index recovered on Wednesday
EU finds seed money for investment plan to unlock EIB funds
Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
Greece´s OPAP delays launch of video lotto machines
Independent Greeks MP to be questioned over bribery claims
Independent Greeks MP Stavroula Xoulidou is to appear before a Supreme Court prosecutor on Thursday to answer questions regarding claims that she was offered a bribe to back the government's...
Greece paralyzed by major strike, flights cancelled
Greek labor unions staged a 24-hour strike on Thursday that cancelled hundreds of flights, shut public offices and severely disrupted local transport, in the first major industrial action to...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back what’s stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Independent Greeks MP to be questioned over bribery claims
2. Greece paralyzed by major strike, flights cancelled
3. Chief suspect in Piraeus bar shooting arrested
4. Bourse index recovered on Wednesday
5. Greece scrambles to find food, shelter for 700 migrants on crippled ship
6. Greek diplomat dies in fall under Thai train
more news
Today
This Week
1. Troika talks to continue after failure to wrap up negotiations in Paris
2. Greece scrambles to find food, shelter for 700 migrants on crippled ship
3. Chief suspect in Piraeus bar shooting arrested
4. Greek diplomat dies in fall under Thai train
5. Bourse index recovered on Wednesday
6. Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Cosco’s Greek unit adds multinational rail-freight client
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.