HELLENIC TELECOM. ORG.

ANNOUNCEMENT OF REGULATED INFORMATION

 

ANNOUNCEMENT OF REGULATED INFORMATION

 

Αthens, December 30, 2011 – The Hellenic Telecommunications Organization SA (OTE SA), announces that today it signed a Share Purchase Agreement with PREDUZEĆE ZA TELEKOMUNIKACIJE "TELEKOM SRBIJA" AKCIONARSKO DRUŠTVO (“Telekom Srbija” or the “Company”) to sell its entire stake of 20% in Telekom Srbija to the Company, subject to fulfilment of agreed conditions precedent. The value of the transaction amounts to €380m. In addition, OTE will receive a minimum dividend of €17 million for fiscal year 2011. The transaction is expected to be completed by the end of Q1 2012.

 

 

 

 

INVESTOR RELATIONS

Τel. +0030 210-611-1574

E-mail: dtzelepis@ote.gr

Fax: +0030 210-6111030