Wednesday, June 18, 2008

Greek Parliament approves Deutsche Telekom's OTE Deal

The Greek Parliament in Athens has approved the agreement between the Greek State and Deutsche Telekom. The agreement is still subject to the necessary regulatory and antitrust approvals. The Greek Inter-Ministerial Privatization Committee and the Supervisory Board of Deutsche Telekom AG had already approved the transaction. The closing of the transaction is expected during the second half of the year.