Greece plans sale to Deutsche Telekom
By Kerin Hope in Athens
Published: May 4 2008 19:43 | Last updated: May 4 2008 19:43
Costas Karamanlis, the Greek prime minister, is this week set to approve the €2.5bn ($3.9bn, £2bn) sale of a strategic stake in OTE, the public telecoms operator, to Deutsche Telekom, which would also take over management.
The deal, which comes as the Greek economy shows signs of slowing after a decade of strong growth, would be the country’s most important privatisation to date.
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