30th Jan 2007 12:11
Hellenic Telecomms Organization S A30 January 2007 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement OTE announces appointment of privatisation advisor Athens, January 29, 2007 - Hellenic Telecommunications Organization SA (ASE:HTO, NYSE: OTE), the Greek full-service telecommunications provider, todayannounces the appointment of Merrill Lynch International as its exclusiveAdvisor with regards to the sale of part of the Hellenic Republic's 38.7% stakein OTE. The process was initiated by the Hellenic Republic in late 2006. About OTEMerrill Lynch International is acting exclusively for HellenicTelecommunications Organization SA ("OTE") in connection with the privatisationprocess and will not be responsible to anyone other than OTE for providing theprotections afforded to its clients or for providing advice in relation to theprivatisation.OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in South-eastern Europe, providing top-quality products andservices to its customers.Apart from serving as a full service telecommunications group in the Greektelecoms market, OTE Group has also expanded during the last decade itsgeographical footprint throughout South East Europe, acquiring stakes in theincumbent telecommunications companies of Romania and Serbia, and establishingmobile operations in Albania, Bulgaria, the Former Yugoslav Republic ofMacedonia and Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions ranges from fixed and mobile telephony to Internet applications,satellite, maritime communications and consultancy services.Listed on the Athens Stock Exchange, the company trades under the ticker HTO aswell as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE'sAmerican Depository Receipts (ADR's) represents 1/2 ordinary share.Additional Information is also available on http://www.ote.gr. Contacts:OTE: Dimitris Tzelepis - Head of Investor Relations Tel: +30 210 611 1574, Email: [email protected] Papagiannakopoulos-Senior Financial Analyst, Investor RelationsTel: +30 210 611 7593, Email: [email protected] Kozanoglou - Communications Officer, Investor RelationsTel: +30 210 611 1121, Email: [email protected] Marilee Diamanti - IR CoordinatorTel: +30 210 611 5070, Email: [email protected] Hadjigeorgiou - Financial AnalystTel: +30 210 611 1428, Email: [email protected] Forward-looking statementAny statements contained in this document that are not historical facts areforward-looking statements as defined in the U.S. Private Securities LitigationReform Act of 1995. All forward-looking statements are subject to various risksand uncertainties that could cause actual results to differ materially fromexpectations. The factors that could affect the Company's future financialresults are discussed more fully in the Company's filings with the U.S.Securities and Exchange Commission (the "SEC"), including the Company's AnnualReport on Form 20-F for 2005 filed with the SEC on June 29, 2006. OTE assumes noobligation to update information in this release. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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