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OTE, Fon Roll Out 'Crowdsourced' WiFi
2014-12-08 21:03:16| Wireless - Topix.net
OTE, the leading telco in Greece, in collaboration with Fon, the global WiFi network, now offers users the opportunity to 'liberate' their WiFi. All OTE Double Play subscribers are now able to become Fon members for free.
OTE TV up 69.1% Y-o-Y in Greece
2014-08-07 19:10:23| Digital TV News
OTE (ASE: HTO; OTC MARKET: HLTOY) has announced results to end-June, 2014. At the end of the quarter, OTE TV subscribers amounted to 296k, an increase of 69% year-on-year. Romtelecom TV subscribers rose by 6.8% compared to Q213.
OTE makes takeover bid for Nova TV
2014-07-01 13:39:00| Telecompaper Headlines
(Telecompaper) Greek operator OTE has made a non-binding bid to acquire the pay-TV service Nova from Forthnet. OTE said the bid was worth EUR 250-300 million excluding debt and cash on hand. Forthnet confirmed the bid but did not provide further details. Its board will study the offer. OTE said the takeover will help it expand its pay-TV operations launched a few years ago. OTE reported 279,000 TV subscribers at the end of March, while Forthnet had a total 482,433. Both companies have been showing double-digit growth in the TV market. The takeover would be subject to approval by competition authorities.
OTE makes 300m pay TV bid
2014-07-01 02:00:00| Total Telecom industry news
Greek telecoms incumbent announces it has made an offer for Forthnet's Nova.
DT pledges EUR 1.2 bln investment in OTE
2014-02-02 21:11:00| Telecompaper Headlines
(Telecompaper) The new CEO of Deutsche Telekom, Tim Hoettge, and Claudia Nemat, DT's board member responsible for Europe, met with the CEO of Greek operator OTE Michael Tsamaz and the Greek Prime minister Antonis Samaras to discuss the group's investment and strategic plans in Greece. DT said it plans to invest EUR 1.2 billion in OTE group in the coming four years. Hoettges noted that DT is confident in the prospects for OTE group and the country. OTE is a strategic investment for DT with a long-term horizon, he said. Separately, the Greek paper eKathimerini reported, citing two people familiar with the matter, that the German operator made an offer to buy a 10 percent stake in OTE held by the Greek government. DT already holds 40 percent in OTE. It was not clear how much DT offered for the stake. OTE has a market capitalisation of around EUR 5.4 billion.
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