May 30, 2018 / 9:34 AM / 21 days ago

Greece sells stake in telecoms operator OTE to Deutsche Telekom

ATHENS (Reuters) - Greece concluded on Wednesday the sale of a 5 percent stake in its biggest telecoms operator OTE (OTEr.AT) to Germany’s Deutsche Telekom (DTEGn.DE) for 284 million euros, ($329.50 million) the privatizations agency said.

The sale was agreed under Greece’s third international bailout.

Deutsche previously held a 40 percent stake in OTE, a former national monopoly. Following the deal its holding in the firm will stand at 45 percent.

Reporting by Angeliki Koutantou

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