Hellenic Telecom Closer to Satellite Unit Sale, Imerisia Says

Hellenic Telecommunications Organization SA (HTO) is close to getting Greek government approval to start the process of selling its Hellas Sat unit, Imerisia reported, without citing anyone.

Hellenic Telecom has hired a consultant to assess the satellite unit, which is likely to bring in 150 million euros ($189 million), the newspaper said.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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