If you have been wondering all these years where all your money went, telecoms should be at the top of your list. I do not want to think of the unavoidably huge amounts that went to calls for family and friends… It is with great happiness and a feeling of sweet revenge that I read [...]
The final agreement between OTE and Deutsche Telekom is reality since yesterday, a significant event for Greek telecommunications. Following the purchase of a 20% stake at OTE from MIG, Deutsche will proceed to a further 3% at €29,75 per share.
Eventually the Greek state and Deutsche Telekom will each own 25% with equal number of members [...]
Deutsche Telekom is going to become a major shareholder of Greek OTE with an almost 20% stake that it is going to buy from Marfin Investment Group (MIG). The transfer will be at €26 per share with a total value of €2.5 billion.
ElectronRun run has already covered the situation with OTE prior to today’s news, [...]
Speculation over the fate of OTE has reached an all time high when earlier this year the Greek government sought startegic partners in an effort to make the organisation more competitive. An expensive early pension plan for staff failed to attract a large investor and has not reduced the risk of falling behind in terms [...]
The new fiberoptic TBN network (TransBalkan Network) of Oteglobe is now ready and links the Balkans to Central and Western Europe. It runs from Greece all the way to Frankfurt in Germany via Bulgaria, Romania, Hungary and Austria. Oteglobe is a subsidiary of OTE, the Greek state telecom company. Apart from the obvious crucial support of [...]
