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OFFON

HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.

(HTO)
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Hellenic Telecommunications Organization S A : Announcement of Regulated Information/ Τhe sale of Telekom Romania (Fixed) was concluded

09/30/2021 | 10:22am EST

Announcement of Regulated Information

OTE concludes the sale of Telekom Romania (Fixed)

Athens, September 30, 2021 - Hellenic Telecommunications Organization S.A. ("OTE") announces that the sale of its 54% stake in Telekom Romania Communications S.A. ("TKR") to Orange Romania has been successfully completed today. The final equity consideration reached €295.6mn.

OTE anticipates distributing to shareholders approximately €174mn, in the form of extraordinary dividend and incremental share buybacks. The dividend distribution, subject to appropriate corporate approvals, is expected to take place within 2021. OTE will proceed with a new announcement with the relevant details.

OTE's Chairman and CEO, Mr. Michael Tsamaz, noted: "The sale of Telekom Romania Fixed is a strategic decision enabling OTE's rapid infrastructure rollout in Greece and enhancing its long term growth outlook and shareholder value. In Romania, it will support the growth of Telekom Romania Fixed and drive market competitiveness benefiting Romanian customers and society.

OTE remains in the Romanian market with Telekom Romania Mobile, targeting positive cash flow generation through a revamped market approach. It is therefore a transaction that benefits all parties involved. I would like to thank Telekom Romania's management and employees for all the company's accomplishments to date and wish them a prosperous future."

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

FOR FURTHER INFORMATION: OTE GROUP INVESTOR RELATIONS Τel. +30 210-6118190

E-mail: iroffice@ote.gr, sziavra@ote.gr

Disclaimer

OTE - Hellenic Telecommunications Organization SA published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 14:21:04 UTC.


© Publicnow 2021
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Sales 2021 3 333 M 3 768 M 3 768 M
Net income 2021 518 M 586 M 586 M
Net Debt 2021 739 M 836 M 836 M
P/E ratio 2021 13,9x
Yield 2021 4,88%
Capitalization 6 794 M 7 656 M 7 679 M
EV / Sales 2021 2,26x
EV / Sales 2022 2,17x
Nbr of Employees 16 291
Free-Float 48,9%
Chart HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.
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Hellenic Telecommunications Organization S.A. Technical Analysis Chart | HTO | GRS260333000 | MarketScreener
Technical analysis trends HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 15,15 €
Average target price 17,70 €
Spread / Average Target 16,8%
EPS Revisions
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