Thursday, February 23, 2012

OTE faces bailout fallout; posts ‘unexpected’ 4Q loss on RomTelecom impairment

Greek and southeast Europe telecoms group OTE, jointly controlled by Germany’s Deutsche Telekom and the Greek government, has posted a net loss in the fourth quarter of 2011 due to a write-down on the value of its Romanian fixed line subsidiary RomTelecom.


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OVETEL OTE faces bailout fallout; posts ‘unexpected’ 4Q loss on RomTelecom impairment

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