In the four-year period 2017-2020, the OTE Group is increasing its investments to €1,500,000,000 to develop fiber optic and 4G/4G+ networks, thereby contributing to the country’s technological development.
The OTE Group announced the signing of a €339,000,000 syndicated loan agreement with the European Bank for Reconstruction and Development (EBRD) and concurrent loan agreement amounting to €50,000,000 with the Black Sea Trade and Development Bank (BSTDB) aimed at acquiring additional liquidity for the Group’s strategic investments.
COSMOTE, the single brand name, was established for all fixed, mobile, and Internet services.
A new collective labor agreement was signed, securing job positions for the next three years.
The OTE Group announced investments valued at €1,200,000,000 for the next four years in Greece mainly in New Generation Networks.
VDSL, the fastest fixed Internet service with speeds up to 50 Mbps, was launched.
As of February, the Group was ready to provide broadband speeds up to 50 Mbps, via its new fiber optic fiber network.
The OTE Board of Directors appointed Mr. Michael Tsamaz as Chairman and CEO of the OTE Group on November 3, 2010.
Following the sale of an additional 5% of the Greek State's shares and voting rights, Deutsche Telekom’s stake in OTE S.A. amounted to 30% and 20% for the Greek State.
OTE S.A. acquired 100% of COSMOTE S.A. and its share was delisted from the Athens Stock Exchange.
The Greek State sold 10.7% of OTE S.A.'s share capital to institutional investors.
The acquisition of GERMANOS, the most successful telecommunications retail chain in SE Europe, was announced.
COSMOTE S.A. acquired 70% of the COSMOROM mobile telephony company’s share capital, later renamed COSMOTE Romania and currently named Telekom Romania Mobile.
OTE S.A. and COSMOTE S.A. were the Major National Sponsors of the Athens 2004 Olympic Games.
OTE raised its participation in RomTelecom’s share capital to 54%.
In terms of stock market value, OTE ranked among the 500 largest organizations worldwide and among the 10 largest telecommunications organizations in Europe.
It now had in excess of 3,500,000 mobile customers in Greece and 500,000 in Albania.
The OTE Group started operating in a deregulated telecommunications market.
OTE S.A. acquired a GSM license in Bulgaria and incorporated Globul for this purpose.
The mobile telecommunications network offered 97% population coverage.
The third public stock offering took place.
The second public stock offering successfully commenced.
OTE S.A. was listed on the Athens Stock Exchange.
The Network Management System (N.M.S) began its initial operations in Athens.
The first 350 card-operated payphones were installed.
The provision of Video-conference Services began
A broad fiber optic network was installed.
The AXE-10/ERICSSON system, the first fully digital telephone exchange, operated in Patras.
Partial operation of the first fully-digital international telephone exchange according to international communication standards (C.C.I.T.T).
The Paging service began.
The INMARSAT Land Earth Station at the Center of Satellite Communication in Thermopylae officially commenced operations.
The New MT-20 International Electronic Telephone Exchange in Athens became operational.
The International Teletype Center in Athens became operational.
Submarine cable and radio-link construction works were carried out.
The second antenna of the Center of Satellite Communication in Thermopylae was installed.
The first ever issue of the Yellow Pages was published.
The first antenna of the Center of Satellite Communication in Thermopylae (the 6th in Europe) was installed.
The automatic-semiautomatic International Teletype Center in Athens became operational.
Laying of the MED 3 Greece-Italy submarine cable.
Greece’s long-distance telephone network became automated
Automation of the TELEX service commenced.
The TELEX service became operational
OTE’s first telephone directory was published.
November 10, 1949
OTE officially launched its commercial operations.