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Last year, OTE, the parent of Greece's Cosmote Mobile Telecommunications SA, which in turn owns Globul, announced plans to sell Globul to ensure funds to refinance EUR1.6bn of debt by the beginning of 2014.
OTE expects to receive about EUR 700 M from the deal, the site econ.bg informs, citing Reuters' sources.
OTE, 40% owned by Germany's Deutsche Telekom, has been hit badly over the past two years by the economic austerity in its two biggest markets, Greece and Romania.
The service also gave its BB rating to OTE's proposed senior unsecured notes and placed the issue rating on "negative" watch.
According to OTE, the car features a 2lt DOHC engine mated to an improved automatic transmission, as well as a host of comprehensive safety features such as a ring-shaped reinforced frame, standard dual SRS airbags and optional side and curtain airbags.
Acents[euro]A"Despite challenging market conditions the OTE has achieved record sales for five years through innovative, focused marketing initiatives," he said.
The IPTV solution will enable OTE to offer new and sophisticated services to its consumers.
Speaking in Brussels the same day, OTE Chairman Panagis Vourloumis described this target date as "realistic" but "ambitious".
Tlili told TAP Wenesday, on the sidelines of the second Summer University held under the motto "New Restructuring for Better Interaction with the Homeland," the Social Affairs Ministry and the OTE started talks with Tunisians abroad to set criteria for picking the 49 members of the council, a long-standing demand of the Tunisian diaspora.
Reuters had previously reported that besides Turk Telekom, the sale of Globul had drawn interest from Turkish mobile operator Turkcell Iletisim Hizmetleri AS (IST:TCELL) and German telecom provider Deutsche Telekom AG (ETR:DTE), which owns 40% of OTE.
The issue covered a large part of OTE's debt repayment obligations for this year, easing its liquidity strains to the extent the company may cope with its debt even without having to sell Globul, the second source said.
OTE, the biggest telecoms operator in southeastern Europe, which owns 99.05% in the satellite operator, has long said it would be open to selling Hellas Sat to focus on its core business and raise some 150 mln euros to pay down its debt.
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