Greece to sell more shares in OTE

The Greek government plans to sell more shares in national operator OTE and seek a management partner for the company, the Athens News Agency reports. Economy and Finance Minister George Alogoskoufis announced the decision after a meeting with the privatisation commission. The Greek state will maintain a minority stake in OTE. Alogoskoufis said consultants for the sale would be hired over the next few weeks. The size of the stake for sale has yet to be decided. In a later statement, government spokesman Theodoros Roussopoulos stressed that the “government is looking for a strategic partner amongst internationally recognised telecoms organisations, with the candidate offered a stake of the management”. The Greek state currently holds 38.6 percent in the company.

Source- http://www.telecompaper.com

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