According to the GTB Power 100 list, issued by the British magazine Global Telecoms Business, Michael Tsamaz is among the 100 most powerful people of telecommunications. Tsamaz, Chairman and CEO of the Hellenic Telecommunications Organization (OTE), is ranked number 84.
Randall Stephenson, Chairman of AT&T, Neelie Kroes, vice-president of the European Commission, and Carlos Slim Helù, Chairman of America Movil, are on the top of the list. Other important names included in the list are Tim Cook of Apple, René Obermann of Deutsche Telekom, Lowell McAdam of Verizon and Larry Page of Google.
The annual ranking of the executive officers by Global Telecoms Business magazine started in 2008. This list shows the influence of the executive officers in the telecommunications industry, their political and financial background, and their prestige.
The nominations are submitted by telecommunications industry analysts, journalists and readers of the magazine. The jury recognized that Tsamaz managed to strengthen the role of his company in southeastern Europe. It is also marked that during 2010, the Hellenic Telecommunications Organization managed to cut 50% of its debt. Finally, Tsamaz turned Cosmote into one of the most important and profitable mobile phone companies in Europe