The Greek telco OTE plans to sell Hellas Sat within the next six months and will consider disposing of other assets in order to repay loans that expire next year.
The news was given by Michael Tsamaz, the company’s chairman and CEO, in a conference call discussing its latest set of results and quoted in the local press.
Although he did not specify whether these assets would be domestic or foreign, OTE sold its 20% stake in Telekom Srbija last month.
The company also has a significant presence in Romania through the incumbent telco Romtelecom, one of the leading players in the country’s TV industry.
In Greece, OTE launched a DTH service last October to build on its IPTV offer. Both operate under the OTE TV brand.
Hellas Sat’s satellite Hellas Sat 2 is located at 39 degrees East and has been in service since 2003.