Greece's OTE Denies Talks on Sale of Telekom Romania

Greece's OTE Denies Talks on Sale of Telekom Romania

OTE Group, Deutsche Telekom's subsidiary in Greece, has not entered talks for the sale of its shareholding interest in Telekom Romania, the group told SeeNews. "Regarding your questions on Telekom Romania, OTE Group, as the direct shareholder, has not entered negotiations with a third party," ΟΤΕ Group media relations senior manager Kostas  Kanakaris told SeeNews in an e-mailed statement on Monday evening."OTE Group constantly reevaluates all its assets, based on its strategic priorities and business goals, and assesses market opportunities in order to create value for its shareholders, ensure sustainability and advance the interests of the Group and its people. As is our common practice, we will notify the authorities and the public if and when we have something to announce," Kanakaris added. On January 16, OTE said it has entered into an agreement to sell its entire stake in Telekom Albania to Bulgarian company Albania Telecom Invest for a total consideration of 50 million euro ($57.2 million).“Albania Telecom Invest AD is controlled by Mr. Spas Roussev, controlling shareholder of the Bulgarian incumbent telecom operator Vivacom, and by Mr. Elvin Guri, an Albania-Bulgarian investor,” OTE, which is 45% owned by Deutsche Telekom, said in a press release.

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