telecommunications — english language news service
15.05.2008« [telecommunications — телекоммуникация — telekommunikation]
greece — deutsche telekom takes 25% stake in ote
German telecoms giant Deutsche Telekom (DT) has clinched a deal giving it a 25% stake and management control of Greece’s former monopoly telco OTE for a total price of around EUR3.2 billion (USD4.95 billion), the Greek Finance Ministry has confirmed. The Greek government and DT yesterday reached an agreement on the terms of a sale of a 3% state-held stake in OTE to DT for EUR442 million, which in turn allows DT to close its previously agreed purchase of a 19.99% slice of OTE from Greek-based Marfin Investment Group (MIG) for EUR2.55 billion. The two deals carry a price tag of EUR2.99 billion, and DT says it will purchase additional shares via the Athens Stock Exchange to give it an ownership interest in OTE of 25% plus one voting share for a total price of around EUR3.2 billion, based in the Greek operator’s current share price. Assuming the transaction is approved by parliament and the regulatory authorities, DT and the government will hold equal shares and have joint management control of OTE, which operates mobile phone networks across south-eastern Europe via its Cosmote subsidiary as well as fixed line services through stakes in companies including RomTelecom. The German firm will appoint OTE’s CEO whilst its chairman will be appointed by the state. Over the next few years DT is likely to raise its stake in OTE, as it has been granted pre-emptive rights over the remaining shares held by the government, which has a put option for a further 5% tranche, valid for twelve months from October 2008, and a second put option for a 10% stake, valid until 2011.
Source: TeleGeography's CommsUpdate
cosmote
Cosmote Mobile Telecommunications is a Greek mobile telecommunications company. The Company's range of activities include the provision of mobile telecommunications services like contract and pre-paid services, international dialing and roaming, value added services like voicemail, short message services (SMS), multimedia message service (MMS), video MMS services, call diversion and call identification, as well as a variety of advanced value added services using wireless application protocol (WAP), security identity module (SIM) micro browser, voice recognition, general packet radio service (GPRS) technologies and third generation (3G) services. A strategic partnership with the Japanese company NTT DoCoMo, Inc. allowed the Company to offer i-mode mobile services. It also operates in four Balkan countries: Albania, Bulgaria, Macedonia and Romania. The Company has a 90% stake in Germanos S.A and together with Vivere S.A. it has formed a join-venture, Cosmo-Megala Katastimata S.A.
deutsche telekom
Deutsche Telekom AG is an integrated telecommunications provider offering its customers around the world a portfolio of services in the areas of telecommunications and information technology (IT). The Company operates in four business segments: Mobile Communications Europe and Mobile Communications United States of America (T-Mobile); Broadband/Fixed Network; Business Customers, and Group Headquarters and Shared Services. During the year ended December 31, 2007, the Company sold its subsidiary T-Online France S.A.S., which was a part of the Broadband/Fixed Network segment. During 2007, Deutsche Telekom AG sold its subsidiary T-Online Spain S.A.U., which was a part of the Broadband/Fixed Network segment.
ote
Hellenic Telecommunications Organization S.A. (OTE) is a full-service telecommunications provider. The Company provides local, long-distance and international fixed-line telecommunications services to Greek and foreign businesses, consumers and government agencies. OTE also offers mobile telephony, Internet access, international subscriber digital network, high-speed data telecommunications, asynchronous digital subscriber line-based broadband services, sales of equipment and asynchronous transfer mode, as well as leased lines, maritime and satellite telecommunications, telex and telegraphy, audiotex, telecards and directory services. In addition, the Company is active in fields, such as real estate, advertisement, the provision of vocational trainings, consultancy services and information technology. The Company operates through its subsidiaries in counties, such as Cyprus, Romania, Macedonia, Bulgaria, Albania and the United Kingdom. OTE is headquartered in Athens, Greece.
romtelecom
Romtelecom SA is a telecommunications company based in Romania. The Company provides fixed line telecommunication services, local, long distance and international call services, supplementary services, such as caller line identity presentation (CLIP), caller line identity restriction (CLIR), three-party call, call waiting, call divert, preset call and outgoing calls barring, integrated services into the digital network (ISDN-2 and ISDN-30), voice mail services, including Voces and Voces Pro, as well as Internet services, using ClickNet for Internet dial-up and BeOnline for Web hosting services, as well as digital television services. The Company also offers public telephone services from payphones, including telephone cards and the leasing of telephone booths. The Company is headquartered in Bucharest, Romania.
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