Deutsche Telekom
OTE initiative for FTTH penetration
Telecommunications firm OTE appears to have undertaken an initiative that will serve to increase the penetration of fiber-optic internet connections to the home (FTTH), having submitted the relevant proposal for approval to the National Telecommunications & Posts Commission (EETT).
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Vote of confidence in the country by Telekom
German telecommunications giant Deutsche Telekom has given a vote of confidence in the Greek economy and its prospects.
As pointed out by Dominique Leroy, the member of Telekom's Board of Directors responsible for Europe, during a meeting with Greek reporters at this year's MWC in Barcelona, Telekom continues to steadily invest in Greece and its prospects through OTE Group.
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OTE CEO to step down next June
Hellenic Telecommunications Organization SA (OTE) CEO and Chairman of the Board Michael Tsamaz, its longest-serving director, will be leaving the company when his contract expires at the end of June 2024, the company announced on Thursday.
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Türk Telekom mulls big tech investment with a foreign company: CEO
Türk Telekom is holding talks with a foreign company for an investment to develop new generation technologies, said Ümit Önal, its CEO.
This will mark a significant foreign direct investment and those tech products will be exported, Önal told a group of journalists without naming the potential foreign partner. But he said that the investment plans will be made public in two months.
OTE reports increased profits in Jan-Sept
Listed telecom OTE on Thursday announced an increase in profitability, FTTH subscribers, as well as TV and mobile contract customers, for the third quarter of 2023.
However, it announced a drop in group EBITDA due to weaker business in Romania.
OTE's consolidated revenues were down 2.6% in the third quarter of 2023 to 881 million euros.
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DT invests in local app maker
Discussions between Deutsche Telekom and Greek technology company Desquared lasted more than a year, but now 20% of the latter has come under the control of the German telecommunications group. Kathimerini understands the purchase price of 20% of Desquared, which has a valuation of more than 20 million euros, was set at €5 million.
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Strong rebound led by banks
The Athens stock market rebounded strongly Monday, on the back of bank shares' performance and positions on other blue chips.
The general index ended up 1.74%, at 1,285.27 points, on turnover of €108.5 million.
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OTE Q2 revenue grows in Greece, offsetting Romania loss
OTE Group announced Thursday that second-quarter consolidated revenue rose 1.1% year-on-year, to €854.1 million.
But adjusted operating profit (after leases) fell 1.8% in the same period, to €326.8 million, with the strong results increase offset by negative ones in Romania. Q1 adjusted operating profit dropped 1.4%, to €648.8 million.
Lucic: Expansion to Germany Telekom Srbija's biggest undertaking yet
BELGRADE - Telekom Srbija CEO Vladimir Lucic said on Tuesday the company's expansion to Germany was its "biggest undertaking yet."
Telekom Srbija launched its services in Germany on Monday.
Majority of EU countries against network fee levy on Big Tech, sources say
A majority of EU countries have rejected a push by Europe's big telecoms operators to force Big Tech to help fund the rollout of 5G and broadband in the region, people familiar with the matter said.