Greece’s largest telecom company OTE now owns 100 percent of mobile phone unit Cosmote shares after the conclusion of the squeeze-out period in a tender for minorities we previously reported on.
Cosmote, Greece’s largest mobile phone operator; and an operator in Albania, Bulgaria, Macedonia and Romania, among others; delisted from the Athens stock exchange on 1 April.
OTE bought out Cosmote as part of plans to offset a drop in income from fixed-line telephony.