STET Hellas announces change in major shareholders, as TIM acquires Verizon's holding, increasing its ownership in the Greek operator to 80.3%

August 2, 2002

1 Min Read

ATHENS, Greece -- STET Hellas Telecommunications SA (NASDAQ:STHLY - News; Amsterdam:STHLS) today announced that the 17.45% stake of Verizon Communications Inc. in STET Hellas (held through its indirect subsidiary Verizon Europe Holdings II B.V.) has been acquired by its majority shareholder TIM International N.V. (a wholly-owned subsidiary of TIM). Following the above transaction, the STET Hellas' shareholders structure is as follows: Table 1:

Shareholder

Amount Owned

Percent Ownership

TIM International N.V.

66,768,770

80.257%

Other

4,201,804

5.051%

Free Float

12,222,646

14.692%



Telecom Italia Mobile (TIM) STET Hellas Telecommunications SA

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