Saturday March 28, 2015 Search
Weather | Athens
14o C
09o 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)  
Fitch downgrades Greece amid bailout uncertainty
Bank accounts continue to bleed
Hania and Athens are the top picks for Easter visitors
Landlords to pay tax on unpaid rent
Two injured as freight train derails in Thessaloniki
Two train drivers suffered minor injuries on Saturday after a freight train traveling from Thessaloniki to Hungary came off the tracks in the area of Gefyra in the northern port city. Both d...
Defense minister Kammenos sues commentator for 1 mln euros
Defense Minister Panos Kammenos has sued commentator Andreas Petroulakis for 1 million euros in damages over a critical article posted on the Protagon website on March 17. In a statement pos...
Inside News
BASKETBALL
Greens live dangerously in Istanbul
Panathinaikos played with fire in Istanbul, but still managed to beat Galatasaray 86-84 on Friday and climb to the third sport of its group two games before the end of the Euroleague top-16....
SOCCER
Greek federation backs injured Holebas
The Greek soccer federation on Friday insisted that international defender Jose Holebas had been dropped from team training in Austria because of injury and not for any other reason. Media r...
Inside Sports
COMMENTARY
Let´s change the subject
Let’s talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. It’s better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Two injured as freight train derails in Thessaloniki
2. Fitch downgrades Greece amid bailout uncertainty
3. Greens live dangerously in Istanbul
4. Bank accounts continue to bleed
5. Hania and Athens are the top picks for Easter visitors
6. Landlords to pay tax on unpaid rent
more news
Today
This Week
1. Fitch downgrades Greece amid bailout uncertainty
2. Let's change the subject
3. Too little, too late?
4. Greek future as trade hub in limbo amid Syriza split on railways
5. Greek gov't denies finance minister Varoufakis to resign [Update]
6. Bundesbank's Weidmann says euro zone debt in 'danger zone,' opposes more aid for Greece
Today
This Week
1. Next Monday is D-Day for state funds
2. EU asks Greece for more reforms to speed talks on bailout
3. PM faces Merkel amid race to detail reforms
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Looking at the Chinese model
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.