Calamos Supports Greece

OTE

Voluntary Exit for Eurobank’s Employees

Yesterday, Eurobank the third-biggest lender to Greece announced that it will shed about a tenth of its workforce through voluntary redundancy. This measure is taken in order to make it fit for privatization. Eurobank is among the four Greek banks...

Ex-Minister Mantelis Tried Over Siemens Scandal

Greece's crackdown on corruption is continuing with the prosecution of former Transport Minister Tasos Mantelis, along with another four people on charges of being involved in the Siemens bribery scandal, according to the decision of the Council of Appeals...

Greece Wants To Question Siemens Execs

Three magistrates investigating the Siemens cash-for-contracts scandal have summoned 13 former executives of the German-based company to defend themselves on criminal charges, including the company's former chairman, two former members of the central board and high-ranking executives from the...

OTE Sells Satellite Unit

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...

Samaras’ Coalition Seeks to Undo the Deals He Made

ATHENS – With Greece’s new coalition facing a technical vote of confidence this week from the Parliament it controls, the three quasi-partners: the ruling party of New Democracy's Antonis Samaras, who won the elections, the PASOK Socialists who finished...

Samaras Sets the Tone with Troika Coming to Town

ATHENS – Moments after his Cabinet, stocked heavily with members from his own New Democracy party, was sworn in, Greece’s new Prime Minister Antonis Samaras put them to work on dealing with the country’s crushing economic crisis, in preparation...

Greek Private Sector Salaries Now Being Cut Too

ATHENS – Less than two months after Greece’s hybrid government agreed to cut pensions and the minimum wage to satisfy international lenders and avert cuts in private sector salaries, companies are – as analysts predicted – cutting their workers’...

Greek OTE Participates in Technology Research Projects

According to the 'TELECOMPAPER', OTE is participating in two research projects, PANDA and WiSE-PON, which are focused on technologies and architectures of next-generation access networks. Both projects are funded by the Greek General Secretariat of Research and Technology (GSRT). PANDA...

OTE Supports Vodafone-Wind Hellas Merger

According to Wireless Federation, the Hellenic Telecommunications Organization (OTE), the largest telecommunications provider in the Greek market, supports a possible merger plan between Vodafone GR and its main rival Wind Hellas, so as to avoid another bankrupt company. According to...