Reuters reports that Greek telecoms group OTE yesterday agreed to sell its satellite unit Hellas Sat to Saudi Arabia-based Arabsat for EUR208 million (USD281 million) as part of measures to cut its debt. The transaction is expected to be completed in the second half of the year, OTE said in a statement. OTE has also revealed plans to sell its Bulgarian mobile operating subsidiary GloBul, but sources have said that it might reconsider the sale after a successful EUR700 million bond issue last month.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors