0001317861-11-000409.txt : 20111230 0001317861-11-000409.hdr.sgml : 20111230 20111230143915 ACCESSION NUMBER: 0001317861-11-000409 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111230 FILED AS OF DATE: 20111230 DATE AS OF CHANGE: 20111230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HELLENIC TELECOMMUNICATIONS ORGANIZATION SA CENTRAL INDEX KEY: 0001071170 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14876 FILM NUMBER: 111288898 BUSINESS ADDRESS: STREET 1: 99 KIFISSIAS AVENUE STREET 2: AMAROUSSION CITY: ATHENS GREECE STATE: J3 ZIP: GR 15181 BUSINESS PHONE: 0113019115 6-K 1 f123011ote6k.htm OTE Press Release




  

               



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Form 6-K


Report of Foreign Private Issuer


Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934


For the month of December 2011


Hellenic Telecommunications Organization S.A.

 (Translation of registrant's name into English)


99 Kifissias Avenue

GR 15181 Amaroussion

Athens, Greece

 (Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.


Form 20-F  x      Form 40-F  o


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes  o      No  x




HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.



OTE SELLS ITS 20% STAKE IN TELECOM SRBIJA


ATHENS, Greece –December 30, 2011 – Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET: HLTOY) announces that today it signed a Share Purchase Agreement with PREDUZEĆE ZA TELEKOMUNIKACIJE "TELEKOM SRBIJA" AKCIONARSKO DRUŠTVO (“Telekom Srbija” or the “Company”) to sell its entire stake of 20% in Telekom Srbija to the Company, subject to fulfilment of agreed conditions precedent. The value of the transaction amounts to €380m. In addition, OTE will receive a minimum dividend of €17 million for fiscal year 2011. The transaction is expected to be completed by the end of Q1 2012.


About OTE


OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.

Apart from serving as a full service telecommunications group in the Greek telecoms market, OTE Group has also expanded during the last decade its geographical footprint throughout South East Europe, acquiring stakes in the incumbent telecommunications companies of Romania and Serbia, and establishing mobile operations in Albania, Bulgaria, and Romania. At present, companies in which OTE Group has an equity interest employ about 29,000 people in four countries, and our portfolio of solutions ranges from fixed and mobile telephony to Internet applications, satellite, maritime communications and consultancy services.

OTE shares are listed on the Athens Stock Exchange, and the London Stock Exchange (in the form of GDRs). Following their delisting from the NYSE in September 2010, the company’s ADRs trade in the US OTC market. OTE’s American Depositary Receipts (ADR’s) represent ½ ordinary share.


Additional Information is also available on http://www.ote.gr.



Contacts:

OTE:

Dimitris Tzelepis - Head of Investor Relations

Tel: +30 210 611 1574, Email: dtzelepis@ote.gr

Maria Kountouri - Assistant to the Head of Investor Relations

Tel: +30 210 611 5381, Email: mkountouri@ote.gr

Kostas Maselis - Senior Financial Analyst, Investor Relations

Tel: +30 210 611 7593, Email: kmaselis@ote.gr

Sofia Ziavra - Financial Analyst, Investor Relations

Tel: +30 210 611 8190, Email: sziavra@ote.gr

Daria Kozanoglou - Senior Communications & Regulatory Affairs Officer,

Investor Relations

Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr

Eftychia Tourna - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7236, Email: etourna@ote.gr

Eleni Agoglossaki - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7880, Email: eagoglossak@ote.gr



Forward-looking statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the Company's future financial results are discussed more fully in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 20-F for 2010 filed with the SEC on June 17, 2011. OTE assumes no obligation to update information in this release.



SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Hellenic Telecommunications Organization S.A.

Date: December  30, 2011

By :/s/ Kevin Copp

      

 Name: Kevin Copp

 Title: OTE GROUP CHIEF FINANCIAL OFFICER