Greece May Sell Hellenic Telecom Stake in June, Kathimerini Says

Greece may exercise an option to sell an additional 10 percent stake in Hellenic Telecommunications Organization SA (HTO) to Deutsche Telekom AG (DTE) as early as next month, Kathimerini reported, without citing anyone.

Hellenic Telecom may proceed with further cost cuts, including to benefits paid to employees, the Athens-based newspaper said, citing Chief Executive Officer Michael Tsamaz.

Deutsche Telekom holds a 30 percent stake in Hellenic Telecom and the Greek state owns 20 percent of the company.

To contact the reporter on this story Natalie Weeks in Athens Nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at Acullen8@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.