- OTE share buy-back
Deutsche Telekom’s stake in voting rights in its Greek subsidiary Hellenic Telecommunications Organization S.A. (OTE) has now reached the 50-percent mark. The OTE share buy-back, in the course of which Deutsche Telekom did not sell any shares, resulted in the increase of Deutsche Telekom’s stake in voting rights to 50.00 percent. As OTE has been a fully consolidated member of the Group since 2008 as a result of the shareholder agreement concluded at the time with the Greek government, this attainment to the threshold value does not change OTE’s inclusion in the Deutsche Telekom consolidated financial statements.
Deutsche Telekom initially acquired a 20 percent stake in the company in 2008. Over the years, this stake has grown through various transactions.
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