Deutsche Telecom Wants Control Of Greece's Hellenic Telecom

March 2008 | M&A News Alert

Deutsche Telecom has bid EUR2.5bn (US$4bn) for a 20% stake in Hellenic Telecommunications Organization (OTE). The German telecom has offered EUR26 per share, a premium of 19% based on OTE's three-month average. The stake is being sold by Marfin Investment Group.

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