Greece's privatization agency (HRADF) announced that an international tender to sell a five percent stake in Greek telecoms company OTE ended unsuccessfully on Friday and will now make the offer to Deutsche Telekom, which owns 40 percent in the company.

The tender for the sale, which corresponds to 24.5 million shares, was launched on February 2018. Deutsche Telekom has a right of first refusal in any sale. The state holds a 10 percent stake.

HRADF said the German company has one month (30 business days) to exercise its right.