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Greece's biggest telecoms operator OTE said on Thursday it agreed to sell its satellite unit Hellas SAT to Saudi Arabia-based Arabsat for EUR208m as part of measures to cut its debt, Reuters reported.
OTE, managed and partly-owned by Germany's Deutsche Telekom, has been cutting costs and selling assets to cope with its debt load amid a severe austerity-fuelled recession in its two biggest markets, Greece and Romania. OTE has also said it plans to sell its Bulgarian unit Globul, but sources have said that it might reconsider the sale after the successful bond issue last month.
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Povezane vesti na srpskom
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