Privatisation committee approves OTE-DT deal
The privatisation committee overseeing the planned sale of a government-owned stake in Greek incumbent OTE has approved a draft agreement between the state and Deutsche Telekom (DT), and the deal is expected to receive final approval by the Cabinet next week, followed by a submission to parliament, writes reporter.gr. DT has agreed to take a management role in OTE in return for buying approximately 5% of equity in the former monopoly; the German group has separately agreed to acquire a 19.99% stake in OTE from Greek investment group MIG.
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