REG - Hellenic Telecomms - Regulated Information

Hellenic Telecommunications Organization SAAnnouncement

21/11/2023 08:30

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RNS Number : 1324U  Hellenic Telecomms Organization S A  21 November 2023

Regulated Information

 

Athens, November 21, 2023 - Hellenic Telecommunications Organization S.A.
("OTE S.A." or the "Company"), in response to the Hellenic Capital Market
Commission request, announces the following regarding the potential disposal
of its 100% subsidiary Telekom Romania Mobile (TKRM):

 

1)  Over recent years, OTE has consistently strived to improve TKRM
performance while also exploring strategic options, to secure its long term
growth.

 

In this context, OTE has been negotiating with Quantum Projects Group,
controlled by Mr. Adrian Tomșa, the owner of the major Romanian media group
Clever Media, regarding the latter's interest in acquiring TKRM. The parties
have signed a Memorandum of Understanding, in order to facilitate this process
and have filed for approval with the Romanian competent authorities.

 

2)  In conformity with all applicable legislation and regulation, the Company
will make all necessary announcements to the investor community if and when
relevant.

 

 

 

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

Tel. +30 210-6118190, +30 210-6117364

E-mail: iroffice@ote.gr (mailto:iroffice@ote.gr)

 

 

 

 

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