Investors eye new management’s plans
Michael Tsamaz, who will take over the reins of Greece’s largest telecom company, OTE, on Wednesday, will be faced with several challenges in his new role. Investors will be keeping an eye on his agenda as the company continues to see revenues drop due to its deteriorating fixed-line segment and price pressures in its mobile phone business. OTE, 30 percent owned by Deutsche Telekom, is scheduled to unveil third-quarter figures on Thursday before the start of trade on the Athens bourse. OTE shares have fallen 30 percent over the last six months, versus a 15.4 percent dip on the broader market.
