Deutsche Telekom

Greek telecom operator OTE announced in a bourse filing on Thursday that it had won an 8.7-million-euro information technology project for Coca-Cola HBC (CCHBC).

OTE, a Deutsche Telekom subsidiary, will offer CCHBC technical support in 19 countries.

This is OTE's third IT project for the bottler.

[Reuters]

Deutsche Telekom has exercised its right of first refusal and will pay 284.05 million euros ($348.87 million) to acquire a 5 percent stake in Greece's biggest telecom operator OTE, the Greek privatization agency (HRADF) said on Wednesday.

Greece did not receive any bids for the sale of a minority stake in its biggest telecoms operator OTE and has invited Deutsche Telekom to exercise its right of first refusal to buy the shares, the Greek privatizations agency said on Friday.

OTE, a former national monopoly, is 40 percent owned and managed by Germany's Deutsche Telekom.

 Greece's privatisations agency HRADF said on Tuesday it launched an international tender to sell a 5.0 percent stake in OTE Telecom, corresponding to 24.5 million shares.

"The tender process will be conducted in one phase and interested investors are requested to submit their binding offers ... no later than 15 March 2018," HRADF said.

European wireless network for airline passengers will be launched by the end of June, yesterday companies working on the project said to Reuters.

The US Department of Justice is blocking a billions of dollars deal for the merger of Time Warner with the AT & T communications concern, Bloomberg reports.

Greece's biggest telecoms operator OTE posted a 2.3 percent drop in third-quarter core profit on Thursday, hit by what it described as challenging conditions in its international operations.

Greece's biggest telecoms operator OTE has renewed its chief executive officer's contract for another three-and-a-half years, it said on Monday.

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.

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.