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OTE

Three Bids for Mobile Phone Frequencies Sale

Greece has received three bids for the sale of mobile phone frequencies aiming to the developement of the Greek telecom services. Greece's major telecom operators OTE, Vodafone and Wind Hellas have submitted their offers to buy mobile radio frequency rights within the...

Vodafone and Wind Bid for Telecommunication Company Forthnet

Greece's biggest subscription TV provider Forthnet announced on Thursday it had received a joint takeover bid from British Vodafone and its Greek business partner Wind.  Vodafone and Wind, which already own about 39% of Forthnet, have made a non-binding offer for the rest...

OTE Plans on Buying Nova Pay TV

The Hellenic Telecommunications Organization (OTE) has submitted a non-binding offer to Forthnet for the acquisition of Nova, its pay television program. The offer amounts to around 250-300 million euros and the financial advisor for OTE is Barclays Bank. The offer came...

Head of OTE Michael Tsamaz Verifies Interest in Forthnet Group

Speaking at an ordinary general meeting of shareholders of telecommunication company OTE on Tuesday, its chairman and CEO Michael Tsamaz confirmed OTE's interest in Forthnet group. Tsamaz commented that OTE is watching all market developments and is making contacts...

Greece is 1 of 196 Countries Monitored by Germany

According to Greek news, Greece is among the 196 countries that are currently being monitored by the German Federal Intelligence Service (BND). Considering Germany’s strong opposition when Snowden revealed the U.S. spying activities, this came as a surprise. As it...

4th International Film Festival of Patmos

From July 24 to 30, the International Film Festival of Patmos will be held for the fourth consecutive year. The Festival is a unique meeting point and a platform of inspiration for artists and filmmakers, which has gradually evolved...

The Plan for Free Wi-Fi Across Greece

The open bidding for the installation and operation of at least 3,000 new spots of free wireless Internet (Wi-Fi hotspots) in municipalities across Greece will be announced by the end of February. The Greek government's goal is to allow...

Deutsche Telekom Said in Talks to Buy Greece ’s OTE Stake

Deutsche Telekom AG (DTE) has made an offer to buy the 10 percent stake in Hellenic Telecommunications Organization SA (OTE) held by the Greek government, according to two people familiar with the matter. Germany’s biggest phone company owns 40 percent...

PASOK's Phone Cut Due to Unpaid Bills

PASOK’s members and employees, who work at the party’s political office in Charilaou Trikoupi street, encountered an unpleasant surprise on Monday morning. Not having yet recovered from Theodora Tzakri’s decision to vote in favor of SYRIZA’S censure proposition, and her...

OTE Downsizing 13% in Fixed-Line Telecommunications

In an attempt to reduce its legacy costs OTE, the largest telecommunication company in Greece announced its intent to downsize its workforce in the fixed-line business. Chief Executive Michael Tsamaz said that 1,100 people, that is 13% of the fixed-line...