Greece
Economy
Head of OTE Michael Tsamaz Verifies Interest in Forthnet Group
Speaking at an ordinary general meeting of shareholders of telecommunication company OTE on Tuesday, its chairman and CEO Michael Tsamaz confirmed OTE's interest in Forthnet group. Tsamaz commented that OTE is watching all market developments and is making contacts...
Greece
Greek Mobile Companies Pledge to Change Internet Data Charges Following Meeting with PM
Premier Kyriakos Mitsotakis held a meeting with representatives of mobile phone companies at the Prime Minister's residence of Maximos Mansion on Friday.
According to sources, the meeting focused on the digital transformation of the country, Greece's low performance in terms of global...
Business
Capital Link Forum on Investment and Social Responsibility to Be Held in Athens
The 9th Annual Capital Link CSR Forum, titled "Investments, Extroversion & Social Responsibility: Pillars for Sustainable Development" will take place in Athens, on Tuesday, June 25,2019, at the Hilton Athens Hotel.
The Athens Forum focuses on the significance of Corporate Social...
Business
New Electronic System Expected to Save Greek Public Sector Hundreds of Millions
Greece's new ''Electronic Document Transfer System,'' the bill for which was signed by government ministers on Friday, is expected to save the Greek state at least €380 million in expenses annually.
It is believed that the new, breakthrough system will...
Business
Capital Link Forum Addresses Corporate Social Responsibility
The 7th Annual Capital Link Corporate Social Responsibility Conference held in Athens on Thursday gathered an esteemed crowd of about a 1,000 attendees. The conference was entitled "Investing in Development -- The New Face of CSR" and was held...
Business
Greek Major Telecom Firm Signs Deal for More Jobs
OTE, the largest Greek telecommunications firm has signed a new three-year contract which will establish an improved payroll for its new employees, raising the introductory wage to 755 euros, much higher than the country’s average minimum wage. Under the...
Business
OTE Downsizing 13% in Fixed-Line Telecommunications
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...
Business
A Greek Among The 100 Most Powerful People of Telecommunications
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...
Economy
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...
Economy
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’...
Greece
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...