Hellenic Telecommunications Organization S.A. — M&A Activity 2023

Nov 21, 2023

National Storage Mechanism | Additional information

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

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