Deals
Deutsche Telekom Hasn’t Received Yet Greek OTE Option Notice
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Deutsche Telekom AG said it hasn’t yet received a notice from the Greek government to exercise the country’s option to sell another 10 percent in Hellenic Telecommunications Organization SA to the German company.
The final price Bonn-based Deutsche Telekom will have to pay for the stake is therefore not decided yet, company spokesman Andreas Leigers said via phone today. Greek newspaper Imerisia reported today that Deutsche Telekom will pay the country’s government 411 million euros ($593 million) and that the transaction will be closed by the end of June.