OTE
From Wikipedia, the free encyclopedia
| OTE (Hellenic Telecommunication Organization) |
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| Type | Public |
| Founded | 1949 |
| Headquarters | Athens, Greece |
| Area served | Greece, South East Europe. |
| Key people | Panayis Vourloumis (CEO) |
| Industry | Telecommunications |
| Products | Telephony |
| Revenue | €5.891 billion[1] |
| Operating income | €2.167 billion[2] |
| Employees | 11,720 [3] |
| Subsidiaries | Cosmote, Otenet, OTEGlobe |
| Website | http://www.ote.gr/ |
OTE (NYSE: OTE) is the national telecommunications provider of Greece.
Standing for Hellenic Telecommunication Organization (Οργανισμός Τηλεπικοινωνιών Ελλάδος), OTE is the incumbent telecommunications operator of Greece.
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[edit] History
OTE was created in 1949 to bring several related public and private enterprises under one telecommunications umbrella. Prior to this, telephony, telegraphy, local and international connections were fragmented and ill coordinated.
Up to 1998, the telecommunications market in Greece was a monopoly. The market was opened to competitors and OTE was gradually privatized. As a result, the Greek government currently holds 28% of the company's stock. Along with the rest of the telecoms market, OTE is regulated by the National Telecommunications and Post Commission (Εθνική Επιτροπή Τηλεπικοινωνιών και Ταχυδρομείων - EETT).
In 2007 Marfin Investment Group acquired 20% of the company, and in March 2008 sold it to German Deutsche Telekom.
[edit] Services
The company covers the whole country with PSTN and ISDN telephone lines and also offers ADSL in most urban areas.[citation needed] OTE is a group of companies owning, besides the OTE fixed-line company, an ISP (Otenet), a mobile phone company (Cosmote) and other companies including OTE International Investments which in its turn owns telcos in Southeastern Europe (Bulgaria, FYROM, Romania, Serbia, etc.). On November 3, 2006 OTE sold its 90% stake in the Armenian telecom provider ArmenTel to a Russian company OJSC Vimpel-Communications.[citation needed] OTE also runs a TETRA network.
[edit] Subsidiaries
OTE is in possession of various daughter-companies, including Cosmote, Otenet and OTEGlobe which offer mobile, ISP and Internet backbone services respectively.
[edit] Other
Area codes can be seen at List of dialing codes in Greece
[edit] References
- ^ 2006 Annual Report (PDF). OTE.gr (2007). Retrieved on 2007-07-26.
- ^ 2006 Annual Report (PDF). OTE.gr (2007). Retrieved on 2007-07-26.
- ^ OTE Factsheet (PDF). OTE.gr (July 2007). Retrieved on 2007-07-26.
[edit] External links
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