Bulgaria's Allterco Robotics Joins Deutsche Telekom's Startup Innovation Programme

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.

Turkish banks apply to competition board to take over 55 percent of Türk Telekom

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.

OTE wins project for CCHBC

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.


No bidders for minority stake in Greece's OTE

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.

Greek privatisation agency launches tender to sell 5 pct OTE stake

 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.

President "succumbed to pressure" during failed Telekom sale

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.

Turkish regulator asks Hariri-linked firm’s creditors to not classify debt as non-performing

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.