OTE

OTE, Greece's biggest telecoms operator, said it raised 400 million euros from a four-year bond issue.

It completed the note issue on Wednesday via a bookbuilding process and said it was oversubscribed by about five times.

The coupon was set at 2.375 percent, the lowest that OTE has achieved in the last decade, it said in a statement on Thursday.

Greece's biggest telecom operator OTE Group flicked the switch on the first "fiber-to-the-home" ultra-fast internet connection on Tuesday, which will help the country make a leap to faster speeds within the next four years.

Leading pay-TV platform Cosmote TV on Tuesday announced it has signed a two-year partnership extension with the world's biggest basketball league, the NBA.

With an enhanced agreement, Cosmote TV will air a greater number of NBA matches on Cosmote Sport channels, while all games will also be available on demand through the Cosmote TV GO and Cosmote Replay TV services.

The Athens Exchange (ATHEX) started the week with a particularly quiet session, featuring low trading volume and mild gains for the majority of stocks.

The ATHEX general index ended at 778.57 points, adding 0.23 percent to Friday's 776.77 points. The large-cap FTSE-25 index expanded 0.16 percent to 2,047.58 points.

Greece concluded on Wednesday the sale of a 5 percent stake in its biggest telecoms operator OTE to Germany's Deutsche Telekom for 284 million euros, ($329.50 million) the privatizations agency said.

The sale was agreed under Greece's third international bailout.

An Athens appeals court on Friday reduced to five years an eight-year prison sentence handed down to former PASOK minister Tasos Mandelis for money laundering and said it would allow him to pay off the fine.

Fraport Greece announced on Thursday it has upgraded the 14 regional airports it manages with services provided by leading telecommunications company Cosmote, which it claims substantially contribute to the uninterrupted and secure communications of the airports, the efficiency of the group's operations and optimal service for passengers.

Greece's biggest telecoms operator OTE posted a 3.6 percent rise in first-quarter core profit on Wednesday thanks to a recovery in its home market.

History learned on the knee of a favorite grandparent is never forgotten. Michael Tsamaz, the steady hand who steered the Hellenic Telecommunications Organization (OTE) through its transformation into a healthy, successful company, had a Cretan grandfather who had fought in the 1893-1908 Macedonian Struggle.

After the four-day weekend the Greek bourse reopened on Tuesday in pretty much the same fashion as it ended last week, with early losses contained in the closing auctions - propped up largely by bank stocks - while turnover dropped to holiday season levels at what was the start of a three-day trading week.