12th Apr 2006 10:06
Hellenic Telecomms Organization S A12 April 2006 Announcement OTE increases its ownership in Cosmote to 66.54 % ATHENS, Greece - April 11, 2006 - Hellenic Telecommunications Organization SA(ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider,announced that it has acquired today 160,236 common shares of Cosmote SA,representing approximately 0.048% of the outstanding share capital of its Greekmobile phone subsidiary. The purchase was carried out at the price of 20.0 eurosper share. As a result of that transaction, OTE's ownership of Cosmote's sharecapital increased from 66.49% to 66.54% for a total of 222,025,294 shares out of333,688,110 outstanding Cosmote shares. About OTE 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, Serbia and Armenia, andestablishing mobile operations in Albania, Bulgaria and the Former YugoslavRepublic of Macedonia. At present, companies in which OTE Group has an equityinterest employ over 44,000 people in seven 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] Daria Kozanoglou - Communications Officer, Investor Relations Tel: +30 210 611 1121, Email: [email protected] Marilee Diamanti - IR Coordinator Tel: +30 210 611 5070, Email: [email protected] Christina Hadjigeorgiou-Financial Analyst Tel: +30 210 611 1428, Email: [email protected] Forward-looking statement Any 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 2004 filed with the SEC on June 30, 2005. 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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