OTE
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ATHEX: Stock market defies gravity for a 12th day
The main index of the Greek stock exchange made it 12 in a row on Wednesday for the first time since its 1999 heyday, as it continued its push toward the 800-point mark. The general picture, along with the recovery of bond prices, points to a return to normality for the local market after the government's agreement with the country's creditors.
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Sell-off advisor hires may be delay tactic
State sell-off fund TAIPED has launched the process for selecting consultants for some of its troubled privatization projects, though the question remains over whether they will advance any further.
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Greece seeks adviser for OTE stake sale
Greece is seeking a financial adviser for the sale of a 5 percent stake in its biggest telecoms operator OTE, its privatization agency (TAIPED) said on Thursday.
The sale is a condition of Greece's international bailout.
OTE, a former national monopoly, is now 40 percent owned and managed by Germany's Deutsche Telekom.
[Reuters]
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TAIPED selection of asset utilization consultants starts
Greece opened expressions of interest on Friday for hiring consultants on utilizing the state shares in seven major companies, including utility Public Power Corporation and Athens International Airport.
ΟΤΕ fourth quarter core profit falls 1.4 percent
Greece's biggest telecoms operator OTE posted on Thursday a 1.4 percent drop in fourth-quarter core profit, hurt by tough conditions in Greece and Romania.
OTE, the former national monopoly now 40 percent owned and managed by Germany's Deutsche Telekom, has lost market share to smaller rivals in recent years, while Greek tax increases have also hit profits.
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OTE, Vodafone and Wind to invest in NGAs
The deployment of next-generation access (NGA) networks is beginning in Greece for fixed-line services.
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ATHEX: Small gains for benchmark in quiet session
It was another mixed day for Greek stocks at Athinon Avenue on Wednesday. While the benchmark edged higher after three days of losses, the majority of stocks, as well as the banks and small-caps indices, still ended lower. Turnover remained below the 30-million-euro level.
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Why Germans invest in Serbia and Romania, but not Greece
"In Romania and Serbia a new German investment is made every week," said the head of the German-Greek Chamber of Commerce and Industry, Michalis Maillis, deploring the unwelcoming conditions for investments in Greece.
Fitch gives Wind Hellas a B- credit rating
Fitch Ratings on Thursday assigned Largo Intermediary Holdings Limited (Wind Hellas) a B- final long-term issuer default rating (IDR), with a stable outlook.
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Gov't prepares sale of 5 percent stake in OTE
Greece has transferred a 5 percent stake it owns in telecoms group OTE to the country's privatization agency (TAIPED), opening the way for the sale of the stake.
OTE is 40 percent owned and managed by Deutsche Telekom, with the state holding a 10 percent stake.
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