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Tag: ote
OTE to cut 1,100 fixed-line telecoms jobs
2013-11-08 18:13:34| Telecom - Topix.net
Greece's biggest telecoms company OTE plans to cut 1,100 jobs at its domestic fixed-line business, in the former state monopoly's latest move to reduce legacy costs.
OTE (OTE TV and RomTelecom) results to end-June 2013
2013-08-08 19:00:33| Digital TV News
OTE Group (ASE:HTO; OTC MARKET:HLTOY) has announced results for the quarter ended June 30, 2013. In Greece, total TV subscribers amounted to 175k, an increase of 99k year-on-year. In Romania, Romtelecom TV subscribers grew 7.3% over the year, to reach nearly 1.3 million.
Tags: results
ote
romtelecom
OTE to sell satellite unit to Arabsat for EUR 208 mln
2013-02-08 09:04:00| Telecompaper Headlines
(Telecompaper) Greek operator OTE has agreed to sell its satellite unit Hellas Sat to Saudi Arabia-based Arabsat for EUR 208 million. The deal values the company at EUR 157 million, or 7 times EBITDA for 2012, plus Hellas Sat's cash of EUR 53.4 million. OTE CEO Michael Tsamaz said in a statement said that the value of the deal was "satisfying". The transaction is expected to be completed in the second quarter, pending regulatory approval. Hellas Sat has the exclusive use of the orbital position of 39 degrees East and all associated radio frequencies from Greece and Cyprus. It operates the Hellas-Sat 2 satellite, with wide coverage of Europe, the Middle East and South Africa. The company has over 100 customers in 26 countries.
OTE sells sole satellite to Arabsat
2013-02-08 01:00:00| Total Telecom industry news
Greek telco to raise 208 million from sale of Hellas Sat.
Tags: sole
satellite
sells
ote
OTE upgraded on successful bond issue
2013-02-04 01:00:00| Total Telecom industry news
S&P warns Greece's country risk remains very high.
Tags: issue
successful
bond
upgraded