Deutsche Telekom AG and the Greek government agreed to appoint Michael Tsamaz as the new chief executive officer and chairman of Hellenic Telecommunications Organization SA , the German company’s Greek unit.
Greece may exercise an option to sell an additional 10 percent stake in Hellenic Telecommunications Organization SA to Deutsche Telekom AG as early as next month, Kathimerini reported, without citing anyone.
Hellenic Telecommunications Organization SA , Greece’s biggest phone company, has begun an internal investigation on allegations that between 2003 and 2006 individuals connected to the company received improper payments from U.S.-based Comverse Technology Inc .
Hellenic Telecommunications Organization SA has gone from being the biggest loser in Europe’s bond market to the best performer as its debt reduction plan kicks in and concern Greece will exit the euro recedes.
Hellenic Telecommunications Organisation SA , the Greek unit of Deutsche Telekom AG, is close to refinancing 1.4 billion euros ($1.8 billion) of debt that matures on Feb. 14, Imerisia reported , without saying where it got the information.