GREEK TELECOM OTE CONSIDERS SELLING STAKE IN ARMENIAN OPERATOR

AP Worldstream
Apr 04, 2006

Hellenic Telecommunications Organization, or OTE, said Tuesday it
was considering selling its 90-percent stake in Armenia’s dominant
telecommunications operator ArmenTel.

OTE has discussed its options with the Armenian government, which
owns the remaining 10 percent of ArmenTel, the Greek company said in
a statement.

HSBC Bank will advise OTE on the transaction, the statement said.