Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hellenic Telecom Organization SA ( (HLTOY) ) has issued an update.
Hellenic Telecommunications Organization S.A. (OTE) has completed the sale of its entire stake in Telekom Romania Mobile Communications to Vodafone Romania, along with transferring certain assets to Digi Romania. The transaction, valued at €70 million, will result in approximately €40 million in net consideration, which OTE plans to distribute to its shareholders. This move is part of OTE’s strategic realignment and may impact its market positioning by focusing more on its core operations in Greece.
More about Hellenic Telecom Organization SA
Hellenic Telecommunications Organization S.A. (OTE) is a leading telecommunications company in Greece, providing a wide range of services including fixed-line and mobile telephony, broadband, and pay television. The company focuses on the Greek market and has significant operations in the Balkans.
See more insights into HLTOY stock on TipRanks’ Stock Analysis page.