Deutsche Telekom
OTE Telecom third quarter profit up as Greece grows
Greece's biggest telecoms operator OTE posted a 3.8 percent rise in third-quarter core profit on Thursday thanks to growing business in its home market.
OTE ordered to pay 3.4 million euros to Thessaloniki over phone booths
The Council of State, Greece's top administrative court, upheld a lower court decision to slap a 3.46-million-euro fine on OTE Telecom for installing phone booths in the northern port city of Thessaloniki without permission from the municipality.
A section of the court decided that the ruling of an administrative appeal court in Thessaloniki was in line with its case law.
Romania to approve sale of local OTE subsidiary
The Romanian government is examining the sale of OTE subsidiary Telekom Romania to French group Orange.
The Romanian landline telephony company, formerly known a Romtelecom, is a 54 percent subsidiary of Greece's OTE Group, with the Romanian state controlling 46 percent.
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OTE taps markets securing record low interest rate
OTE telecom announced on Wednesday the conclusion on Tuesday of the bookbuilding process for the issuance of a 500 million-euro seven-year bond in international debt capital markets.
The issuance was strongly oversubscribed allowing tight pricing. The coupon was set at 0.875 percent, the lowest ever achieved, OTE stated.
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OTE Telecom opens books for 7-year bond issue
Greece's biggest telecoms operator OTE is tapping debt markets with a 7-year bond, aiming to raise 500 million euros ($551.05 million), it said on Tuesday.
The bookbuilding process opened earlier on Tuesday, OTE, which is 45% owned and managed by Germany's Deutsche Telekom , said.
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Telecoms firms have many nonpayers
Despite the fact that Greece appears to be over the worst of the financial crisis, telecoms firms are still suffering from negligent payers.
Total nonpayments are expected to be around 100 million euros this year, as was the case in previous years.
Accumulated nonpayments in December 2018 stood at 1.2 billion euros, only slightly lower than the 1.29 billion at end-2017.
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OTE Telecom second quarter profit up as Greek economy recovers
Greece's biggest telecoms operator OTE posted a 1.7 percent rise in second-quarter core profit on Thursday as a recovery in its home market helped offset poor performance at its Romanian operations.
Greece secures EU okay to roll out 300 mln-euro broadband network
Greece secured EU regulatory approval on Wednesday for a 300-million-euro ($334.4 million) scheme to roll out an ultrafast broadband network across the country.
The project is funded by the European Regional Development Fund, the European Agricultural Fund for Rural Development and private investors.
Germany's first 5G Network has Begun to Work
Germany's largest mobile service provider put into use the first 5G network in the country, Deutsche Welle said, quoted by Iconomist.bg
It is clear that only Bonn and Berlin residents have the opportunity to use the new network, and only if they use a particular smartphone model, which currently costs about 900 euros.
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OTE Q1 core profit slightly down, Romania hurts
Greece's biggest telecoms operator OTE posted a 0.9 percent drop in first-quarter core profit on Thursday as weakness in Romania outweighed growth in its home market.
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