Michalis Tsamaz

Leading telecom OTE announced on Thursday a 20.8 percent drop in group operating profits last year, with revenues shrinking 1.3 percent.

By Anestis Dokas

OTE telecom’s exit from the Athens Stock Exchange next year has emerged as a likely development that would leave the local bourse even poorer in capitalization terms.

OTE chief executive Michalis Tsamaz stated a few days ago in Barcelona that parent company Deutsche Telekom may acquire an additional 10 percent stake in the Greek telecom provider.

By Vangelis Mandravelis

The Hellenic Telecommunications Organization (OTE) is preparing a bid for the buyout of alternative telecom provider Forthnet – owner of pay-TV platform Nova – and OTE head Michalis Tsamaz on Tuesday indirectly confirmed that the country’s dominent industry player is interested in Forthnet.