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Hellenic Telecommunications


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Hellenic Telecom profit up 17% on mobile growth, cost cuts

ATHENS (MarketWatch) -- Greek telephone operator Hellenic Telecommunications Organization SA (OTE), or OTE said Thursday that second-quarter net profit rose 17% compared with a year earlier as strong mobile sales and cost cutting offset a continuing decline in fixed-line revenue.

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Istanbul, Athens unite for index

National Bank of Greece and EFG Eurobank Ergasias, Greece's two biggest lenders, will be part of the common index being set up between the Athens Stock Exchange and the Istanbul Stock

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Greece: Electronic Signatures

- According to P.D. 150/2001 "Adaptation to Directive 99/93/EC of the European Parliament and of the Council on a Community framework for electronic signatures", EETT is the authority responsible for control and supervision of certification-service providers for electronic signatures which...

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Greek Telecoms Regulator Fines OTE EUR9 Million

[CN+] Greece's telecommunications regulator Monday fined Hellenic Telecommunications Organization (OTE), the country's former monopoly phone company, EUR9 million for failing to meet regulatory requirements and for abusing its dominant position in the Greek telecoms market.

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Greek Prosecutor Files Indictment Over Germanos Acquisition

[CN+] A Greek prosecutor Friday indicted the chairman and directors of Greece's state-controlled phone company, Hellenic Telecommunications Organization (OTE), in relation to its 2006 acquisition of retail electronics chain Germanos.

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Fresenius to acquire US drug maker

Fresenius says it will buy U.S. generic drug maker APP Pharmaceuticals for $3.7 billion in a deal that will

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Greek Finance Ministry to Launch Special Siemens Tax Probe

Greece's finance ministry will launch a special two-part tax probe into the local operations of Siemens, as part of a widening corruption scandal involving the German firm, the government spokesman said Monday.

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Greek Telecoms Regulator Fines OTE EUR3 Million

Greece's telecommunications regulator Friday fined Hellenic Telecommunications Organization (OTE), the country's former monopoly phone company, EUR3 million for failing to meet regulatory requirements.

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Greek Prosecutor Files Charges Over Siemens Illegal Payments

A Greek prosecutor Tuesday filed corruption and money laundering charges against persons unknown in an ongoing probe into bribes allegedly paid by German engineering group Siemens to Greek politicians, a justice source said.

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Greece's OTE Appoints Two Deutsche Telekom Executives to Board

Hellenic Telecommunications Organization (OTE) shareholders on Thursday appointed two senior Deutsche Telekom executives to its 11-member board of directors, foreshadowing the role the German telecom will play in the future management of OTE.

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Greek Parliament Approves Deutsche Telekom Deal for OTE

Voting along party lines, the Greek parliament early Thursday approved a controversial deal that would split ownership and management control of the country's largest telephone company between the Greek government and Deutsche Telekom.

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Greek regulator faults high fees

Hellenic Telecommunications Organization's Cosmote and other mobile-phone operators charge “unacceptably” high fees for completing calls on their networks and these will need to be

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OTE profit flat as retirement charges weigh

(Adds detail, background.) ATHENS (MarketWatch) -- Hellenic Telecommunications Organization SA, or OTE, (OTE.AT) said Thursday that first-quarter net profit was flat compared with a year earlier as the costs of early retirment schemes in Romania, and to a lesser extent in Greece, weighed on earnings. For the three months to March 31, the company said net profit was EUR141.1 million compared with EUR140.9...

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Greece's OTE 1Q Net Profit Hit By Romania Retirement Plan

[CN+] Hellenic Telecommunications Organization , or OTE, said Thursday that first-quarter net profit was flat compared with a year earlier as the cost of an early retirment plan for its Romanian operations weighed on earnings.

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Telecom's Last Great Growth Markets

Telefónica, Nokia, Ericsson, and other European companies in BW's IT 100 know the future is in emerging markets