Telekom secures additional OTE stake

By Chris Dziadul

July 13, 2009

Deutsche Telekom has been given the go-ahead to buy an additional 5% stake in the Greek incumbent telco OTE.

According to Reporter, the Greek Inter-governmental Privatization Commission has confirmed the sale, as an option agreed to by the two parties in May 2008.

It will earn the Greek state, which will retain overall control of OTE, an additional 674 million.