Deutsche Telekom

Deutsche Telekom and the Hellenic Telecommunications Organization (OTE) announced on Wednesday their intention to invest more than 3 billion euros ($3.4 billion) in Greece from 2022 to 2027. The decision, which is one of the largest investments ever made by...

The country's biggest telecoms operator OTE posted a 2.3% drop in third-quarter core profit on Thursday, hit by what it described as challenging conditions in its international operations. The former national monopoly, now 40% owned and managed by Germany's Deutsche...

Parliament has approved an amendment which transfers five percent of the State’s share in telecom company OTE to the country’s privatization agency, a prior action required for the disbursement of the final sub-tranche of Greece’s loan. The amendment was included...

The Hellenic Telecommunications Organization (OTE), Greece's telecoms provider, announced the implementation of a Voluntary Exit Scheme, primarily addressed to OTE employees near retirement as part of the company's efforts towards increasing competitiveness, rejuvenating its work force and creating new...

Germany's major telecommunications company, Deutsche Telekom, is about to increase its existing 40% stake in OTE, buying a further 10% from the Greek government. As reported by the Greek media, Greece and Deutsche Telecom have reached an agreement. However, the Greek...

Deutsche Telekom AG (DTE) has made an offer to buy the 10 percent stake in Hellenic Telecommunications Organization SA (OTE) held by the Greek government, according to two people familiar with the matter. Germany’s biggest phone company owns 40 percent...

In an attempt to reduce its legacy costs OTE, the largest telecommunication company in Greece announced its intent to downsize its workforce in the fixed-line business. Chief Executive Michael Tsamaz said that 1,100 people, that is 13% of the fixed-line...

Greece΄s biggest telecoms operator OTE said on Thursday it agreed to sell its satellite unit Hellas SAT to Saudi Arabia-based Arabsat for 208 million euros as part of measures to cut its debt. OTE, managed and partly-owned by Germany΄s Deutsche...