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Hellenic Telecommunications Organization SA Sells Globul And Germanos TelecomBulgaria For EUR 717 Million To Telenor

Friday, 26 Apr 2013 12:35pm EDT 

Hellenic Telecommunications Organization SA announced the signing of an agreement to sell its 100% stake in Cosmo Bulgaria Mobile EAD (Globul) and Germanos TelecomBulgaria(Germanos) to Telenor, the Norwegian telecom operator. The agreement consideration reached EUR 717 million (enterprise value) and will be adjusted according to the company‚Äôs net debt and changes in its working capital at the date the transaction is completed.