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Deutsche Telekom to Buy Greek Stake

Deal for 20% of Greek phone co. conditional on management control

By Laila Weir,  Newser User

Posted Mar 17, 2008 1:03 PM CDT

(Newser) – Deutsche Telekom plans to buy a 20% stake in Hellenic Telecommunications Organization (OTE) of Greece, for $3.92 billion. The deal is conditional on the German carrier getting management control, and the company will open talks immediately with the Greek government, the only larger shareholder....   Read full story »

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