- Marfin Investment Group SA announces its stake in Greek incumbent OTE S.A. -- aka, Hellenic
Telecommunications Organization S.A. -- has risen to almost 18.5 percent.
- The Associated Press reports the Greek government has capped private investment in companies of "strategic importance" at 20 percent, unless the government grants special approval.
Maybe the government should have been a bit more flexible toward Telekom Austria AG (NYSE: TKA; Vienna: TKA), which knows how to run operations in southeast Europe and which expressed its interest in buying into OTE earlier this year. (See Telekom Austria Makes Greek U-Turn and EuroBites: So Sell Me!)
— Ray Le Maistre, Minority Stakes Editor, Light Reading