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Athens News Agency: News in English, 06-11-09

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Gov't eyes consultants for state-run OTE's privatisation

  • [01] Gov't eyes consultants for state-run OTE's privatisation

    The government's inter-ministerial privatisation commission on Thursday announced a decision to hire three consultants in the privatisation of state-run Hellenic Telecommunications Organisation (OTE).

    Speaking to reporters after the meeting with Labour Minister Savvas Tsitouridis, Development Minister Dimitris Sioufas and Transport and Communications Minister Mihalis Liapis, Economy and Finance Minister George Alogoskoufis said the privatisations special secretary would begin talks to select the three consultants over the next two weeks. The FinMin said two consultants would be foreign firms and one from the domestic market.

    The inter-ministerial commission for public enterprises and organisations, in a meeting before the privatisations commission including the same ministers, agreed to implement a new company charter for listed OTE after talks between employees' unions and management failed to reach a compromise. The new charter aims to make OTE more efficient within the framework of increasing competition in the telecommunications market. Alogoskoufis said the new charter would not affect employees hired by OTE up until May 25, 2005.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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