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Hellenic Telecom Organization SA ( (HLTOY) ) has issued an announcement.
OTE has signed binding agreements to sell its entire stake in Telekom Romania Mobile Communications to Vodafone and Digi, following approval by the Romanian Competition Commission. This transaction, valued at €70 million, is expected to be completed in early October 2025, with the net consideration to be distributed to OTE shareholders. The deal aligns with OTE’s strategic focus and is expected to facilitate infrastructure investments and enhance network development in Romania, contributing to the country’s digital transformation.
More about Hellenic Telecom Organization SA
Hellenic Telecommunications Organization S.A. (OTE) operates in the telecommunications industry, providing a range of services including mobile and fixed-line telephony, broadband, and television services. The company focuses on optimizing its portfolio and enhancing shareholder value.
For detailed information about HLTOY stock, go to TipRanks’ Stock Analysis page.