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Greek Telecom OTE Considers Selling Stake In Armenian Operator

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  • Greek Telecom OTE Considers Selling Stake In Armenian Operator

    GREEK TELECOM OTE CONSIDERS SELLING STAKE IN ARMENIAN OPERATOR

    AP Worldstream
    Apr 04, 2006

    Hellenic Telecommunications Organization, or OTE, said Tuesday it
    was considering selling its 90-percent stake in Armenia's dominant
    telecommunications operator ArmenTel.

    OTE has discussed its options with the Armenian government, which
    owns the remaining 10 percent of ArmenTel, the Greek company said in
    a statement.

    HSBC Bank will advise OTE on the transaction, the statement said.
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