Telekom

SOFIA (Bulgaria), July 17 (SeeNews) - Bulgarian IoT company Allterco Robotics, a wholly-owned subsidiary of telecommunications services provider Allterco [BUL:A4L] said on Tuesday it has joined Deutsche Telekom's Hub:raum programme for mentoring startups with innovative business ideas.

Turkey's Akbank, Garanti and İş Bank have applied to the competition authority to take over 55 percent of Türk Telekom after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire a stake in the Turkish fixed-line operator, the competition authority has said.

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.

Multiple buyers are interested in buying a stake in Türk Telekom, Garanti Bank chief executive Ali Fuat Erbil said on Feb. 16 after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire 55 percent stake in the Turkish fixed-line operator.

 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.

In a wide-ranging interview for RTS late on Sunday, Vucic said his "soul still aches" over the outcome, and added that he had "succumbed to political pressure" and considered it to be his "biggest mistake."

"I should have pushed through what was better for the country, rather than listen to ignorat people's advice," Vucic said.

Turkey’s banking regulator has assured creditors of Oger Telecom, which is the main shareholder in Türk Telekom, that a $4.75 billion syndicated loan will not go to default and they don’t have to re-classify it as “non-performing,” its head told Reuters on Nov. 16. The move will likely help Oger Telecom avoid costly write-downs.

Mtel will have a new name, at the request of its owner, Telekom Austria Group. The company announces that it is changing its brand strategy and will introduce a unified policy for all the markets it is in.

This was announced in an official press release of the Austrian telecom.