Prime Minister George Papandreou vowed in 2009 to scrap an agreement to sell a stake in Greece’s biggest phone company in a bid to get elected.
This month, forced to raise cash, Greece triggered an option to sell 10 percent of Hellenic Telecommunications Organization SA (HTO), known as OTE, to Deutsche Telekom AG. (DTE) The price: less than one-third of what Europe’s largest phone company paid for shares when it last bought OTE stock in 2009.
