OTE Group is the largest telecommunications provider in the Greek market and together with its subsidiaries forms one of the leading telecom groups in South-eastern Europe.
OTE is among the three largest listed companies, with respect to capitalization, on the Athens Stock Exchange. OTE is also listed on the London Stock Exchange (LSE). Deutsche Telecom holds 40% of OTE's share capital, the Hellenic Repulbic holds 5%, the HRADF 5%, while smaller percentages are held by foreign and local institutional and private investors.
OTE Group offers the full range of telecommunications services: from fixed-line, mobile telephony and broadband services to pay television and ICT solutions. In Greece in addition to its core telecommunications activities, the Group is also involved in maritime communications, real-estate and professional training. Abroad, the Group operates in the telecommunications markets of Romania, where it offers fixed-line and mobile communications as well as television services and in Albania, where it offers mobile telephony services.
For more information please refer to OTE website: www.cosmote.gr
Pursuant to ICARP Decision No. 260/18.11.2016 (Government Gazette 3723/B'/18.11.2016), the Hellenic Republic transferred to HRADF 24,507,520 OTE shares, corresponding to 5% of OTE’s share capital, within the framework of its further privatization process .
The Board of Directors of HRADF decided on 08.02.2018 to proceed to an international tender offer for the sale of its participation in OTE. In that respect, a Request for Proposal, dated 12.02.2018, has been posted on the website of HRADF.
In accordance with the Request for Proposal, Interested Investors are requested to submit their binding Offers no later than 15.03.2018.
Piraeus Bank and Credit Suisse International are acting as Financial Advisors to the Fund and Lambadarios Law Firm is acting as Legal Advisor to the Fund.