26th Jun 2006 12:27
Hellenic Telecomms Organization S A26 June 2006 Announcement OTE receives offers for its 90% stake in ArmenTel ATHENS, Greece - June 22, 2006 - Hellenic Telecommunications Organization SA(ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider,announced that it received a total of 10 non-binding offers for its 90% stake inArmenTel, the incumbent telecommunications operator in Armenia. After reviewingthe bids, the following parties have been invited to participate in the nextphase of the sale process: a) AO Vimpelcom b) Mobile Telesystems (MTS) OJSC c) The consortium, Emirates Telecommunications Corporation (ETISALAT) /Istithmar PJSC / Emergent Telecom Ventures (ETV) d) The consortium, VTEL Holdings / Knightsbridge Associates 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, the Former YugoslavRepublic of Macedonia and recently Romania. At present, companies in which OTEGroup has an equity interest employ over 35,000 people in seven countries, andour portfolio of solutions ranges from fixed and mobile telephony to Internetapplications, 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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