Hellenic Telecommunications Organization SA (OTE) is a Greece-based provider of telecommunications and related services. The Company has three business segments: OTE, which is a provider of local, long distance and international fixed-line voice telephony and Internet access services in Greece; COSMOTE group, which is a provider of mobile telecommunications services in Greece, Albania, Bulgaria and Romania, and ROMTELECOM, which is a provider of local, long-distance and international fixed-line voice telephony and Internet access services in Romania. On July 11, 2011, OTE sold 10% of the share capital owned by the Greek State to Deutsche Telekom. After the sale, Deutsche Telekom owns 40% and the Greek State 10% of the Company’s share capital. In July, 2013, the Company completed the transfer of Cosmo Bulgaria Mobile EAD (Globul) and Germanos Telecom Bulgaria to the Norwegian Group Telenor.