The Greek government on Thursday approached Germany's Deutsche Telekom to discuss the sale of the state's remaining stake in Balkans telecoms giant OTE, the finance minister said.
"Finance Minister George Papaconstantinou today sent a letter to the board of Deutsche Telekom to begin the procedure," the minister's office said.
It added that the move followed "a decision by the cabinet on the further privatisation of OTE."
The cash-strapped Greek government this week said it will reduce its 16-percent stake in OTE by next month amid plans to raise 50 billion euros ($70 billion) from state asset sales to reduce the country's huge debt.
Germany's Deutsche Telekom currently controls 30 percent of OTE, the largest telecom operator in the Balkans that employs some 30,000 people in Albania, Bulgaria, Romania and Serbia.
AFP
