Romtelecom listing, a stake above 1.1 billion euros

Stock Exchange listing of national fixed telephony operator Romtelecom means to stake on more than 1.1 billion euros, Business Standard reports .Initial public offering of 46 percent of Romtelecom stock could be made in spring next year, in case Romania's Government, minority shareholder in the company, will re-start the process suspended on November 2, 2006, at OTE Group's request. OTE, fixed telephony operator in Greece, is the majority shareholder in Romtelecom, accounting for 54 percent ...

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