Saturday November 22, 2014 Search
Weather | Athens
18o C
10o 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 groups 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 ministers office. He added that OTE has achieved its operation transformation into a high-performance company with healthy financial figures and low borrowing.

Samaras lauded DTs investment in Greece, branding it the tangible confidence of a major international group in the Greek economy.

OTE officials qualified Hoettgess 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)  
Fitch keeps Greek rating at B, outlook stable
More cash for banks with same papers
Growth to fuel rise in revenues
Commercial property draws interest from investors
Climate change to hit farming, coast
The average temperature in Greece is expected to rise by 1.5 degrees Celsius in the next 35 years and by up to 4 degrees in the period from 2070 to 2100, experts have told a conference on cl...
Piraeus nightclub shooting leaves 3 seriously injured
All least 14 people were injured two seriously early on Saturday when a gunman opened fire at a nightclub in the Mikrolimano suburb of Piraeus. The gunman is believed to be an Albanian a...
Inside News
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
BASKETBALL
Big win for Greens, tight one for Reds
Panathinaikos scored a crucial as well as emphatic away win at Turow on Thursday that should see it qualify from its tough group to the top 16 of the Euroleague, while Olympiakos saw off vis...
Inside Sports
COMMENTARY
Is Europe paying attention?
Barack Obama brought hope to the entire world when he was elected president of the United States in 2009 and then again in 2012 for a second term. During his first visit to Europe, marked by...
EDITORIAL
A reasonable agreement
Greece cannot and should not allow itself to be left without a safety net to make up for any funding needs that may crop up after the end of the year. Without such protection it would be at ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Climate change to hit farming, coast
2. Piraeus nightclub shooting leaves 3 seriously injured
3. Fitch keeps Greek rating at B, outlook stable
4. Image of artwork showing humans in blender taken out of schoolbooks
5. More cash for banks with same papers
6. Simitis supports Venizelos over new movement
more news
Today
This Week
1. Fitch keeps Greek rating at B, outlook stable
2. Piraeus nightclub shooting leaves 3 seriously injured
3. Climate change to hit farming, coast
4. Give Greece a chance
5. Coscos Greek unit adds multinational rail-freight client
6. No breakthrough after marathon conference call
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Greece and Poland switch roles as young Greeks head to vibrant Eastern European country for better prospects
3. Constructively disrupting the Greek start-up ecosystem: What will the impact be?
4. Anti-junta uprising anniversary to be marked amid tight security
5. Biden heads to Istanbul amid tension over Cyprus EEZ violation
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.