German future for Greek telephone company

"The future of the Hellenic Telecommunications Organisation OTE will be entirely German," writes Antonis Karakousis. "What the Germans could not get with bribes they have now achieved through privatisation. ... The state-owned Deutsche Telekom (the German state owns 34 percent of the company) will take over the management of OTE, and it seems that its privileged partner, the sinful Siemens enterprise, will be almost its exclusive supplier in Germany. ... The difference this time is that with OTE, the Germans are also buying up the entire Balkan region. As is well known, OTE is today a large corporation with a power basis throughout the entire Balkan Peninsula."

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