OTE

Greece's biggest telecoms operator OTE posted on Thursday a 1 percent rise in second-quarter core profit, helped by growing mobile business at home for the first quarter in five years.

An Athens court has found Tassos Mandelis, a former socialist transport minister, guilty of money laundering.

The defendant's bribery conviction (for which he could face up to life in prison), however, was time-barred under the statute of limitations.

The head of Greece’s privatisations agency (HRADF) said on July 6 that it will make up for a revenue shortfall last year by raising a total €6bn by 2018. privatisations.

In 2016, for instance, Greece raised €500m from asset sales. Its target was €2bn.

Greece aims to raise 6 billion euros in privatization revenues through 2018, the head of its privatizations agency said on Thursday.

Chairwoman Lila Tsitsogiannopoulou told reporters Greece was targeting 2 billion euros from privatizations this year and about 3.5 billion next year from the sale of stakes in telecoms group OTE and the Athens International Airport, among other assets.

Trading on the Greek bourse produced mixed results on Thursday, with banks and a number of other stocks sliding while other blue chips such as Aegean, OTE and Motor Oil led the majority of stocks higher.

Greece's biggest betting company OPAP has selected Deutsche Telekom-controlled Greek telecoms group OTE to upgrade telecoms infrastructure at its outlets across the country, the two companies said on Tuesday.

The new systems will help OPAP to implement its 2020 development plan, which includes the launch of new products and services, OPAP said.

It was down, then up and then back down again for the benchmark of the Greek bourse on Tuesday, as the inconclusive Eurogroup on Monday night and the terrorist attack in Manchester took their toll on the Greek market.

The benchmark of the Greek stock exchange advanced cautiously on Monday in anticipation of the Eurogroup meeting in Brussels, although major market players opted to sit the session out and wait for concrete news to emerge.

The utilization of state properties is supposed to fetch revenues of 2.15 billion euros this year and 2.07 billion euros next year according to the midterm fiscal plan being debated in Parliament. After that, revenues are slashed drastically to about 100 million euros per annum.

Greece's biggest telecoms operator OTE posted on Thursday a 1.7 percent drop in first-quarter core profit, hurt by tough conditions in crisis-hit Greece and Romania.