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OFFON

HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.

(HTO)
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Hellenic Telecommunications Organization S A : Announcement of Regulated Information/ Completion of the acquisition of 30% stake in Telekom Romania Mobile

09/09/2021 | 10:32am EDT

Announcement of Regulated Information

OTE completed the acquisition of 30% stake in Telekom Romania

Mobile

Athens, September 09, 2021 - Hellenic Telecommunications Organization S.A. ("OTE") following the announcements on 28.7.2021 and 30.7.2021 regarding the intention to acquire the 30% stake of Telekom Romania Mobile Communications S.A (TKRM), held by Telekom Romania Communications S.A. ("TKR"), as a required condition for the regulatory approval of the sale of the 54% stake OTE holds in TKR to Orange Romania, announces that, on September 09, 2021, the acquisition has been completed. As a result, OTE now controls near 100% of TKRM. The final purchase consideration, reflecting the equity value, stood at €58.9mn.

The announcement is issued in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.

The relevant announcements of OTE and European Commission are available on the below links:

28.7.2021 OTE Announcement

30.07.2021 OTE Announcement

28.7.2021 EC Announcement

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

Tel.: +30 210 6118190

E-mail: iroffice@ote.gr

Disclaimer

OTE - Hellenic Telecommunications Organization SA published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 14:31:01 UTC.


© Publicnow 2021
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Sales 2021 3 343 M 3 882 M 3 882 M
Net income 2021 456 M 530 M 530 M
Net Debt 2021 655 M 760 M 760 M
P/E ratio 2021 16,1x
Yield 2021 5,22%
Capitalization 6 903 M 8 010 M 8 015 M
EV / Sales 2021 2,26x
EV / Sales 2022 2,20x
Nbr of Employees 15 355
Free-Float 48,4%
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Hellenic Telecommunications Organization S.A. Technical Analysis Chart | HTO | GRS260333000 | MarketScreener
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Mean consensus BUY
Number of Analysts 13
Last Close Price 15,30 €
Average target price 17,42 €
Spread / Average Target 13,8%
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Managers and Directors
Michael Kosma Tsamaz Chairman & Chief Executive Officer
Charalampos Georgiou Mazarakis Chief Financial Officer & Executive Director
Georgios Athanasopoulos Group Chief Information Technology Officer
Stefanos Theocharopoulos Chief Operations & Technology Officer
Aristodimos Dimitriadis Executive Director-Compliance