Deutsche Telekom hopes to secure control of Hellenic Telecom after snapping up a near-20 per cent stake in Greece’s leading telecoms company on Monday for about €2.5bn ($3.9bn).
DT said it had reached agreement to buy the stake in Hellenic, also known as OTE, from Marfin Investment group, a private equity firm, at €26 a share, or a 35.8 per cent premium to Friday’s closing stock price. The Greek operator has a market capitalisation of €9.4bn.
