ECONOMY

OTE may sell Bulgaria unit

Hellenic Telecommunications Organization SA, (OTE) Greece?s largest phone company, may sell its Bulgarian Globul mobile-phone unit if it can get a satisfactory price, Imerisia reported, without citing anyone.

The sale of the unit could raise at least 800 million euros ($1 billion) and the company has hired Citigroup Inc. (C) as an adviser, the newspaper said. [Bloomberg]