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OTE Supports Vodafone-Wind Hellas Merger

According to Wireless Federation, the Hellenic Telecommunications Organization (OTE), the largest telecommunications provider in the Greek market, supports a possible merger plan between Vodafone GR and its main rival Wind Hellas, so as to avoid another bankrupt company.
According to reports, CEO of OTE Michael Tsamaz said that he approves the merger as beneficial for everyone and as he would rather have a less fragmented market with stronger participants focused on long-term profitability.
The talks on a possible merger between the two companies has begun since last August. The deal, if successful, would provide Vodafone with an enlarged customer base, helping it to significantly increase its presence in the Greek mobile market.

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