The group of companies Globalsat – Teleunicom completed the process for obtaining an electricity trading license, acquiring the possibility of entering the electricity retail market in Greece.
Specifically, the Energy Regulatory Authority (RAE), issued a few weeks ago, its decision to grant a license to trade 100MW of electricity, to the Teleunicom group, for a total duration of 20 years, until 2042, as provided by the relevant legislation, completing the first step for the company to enter the electricity market, as mentioned in a relevant announcement.
Obtaining a license for electricity trading is part of the company’s strategic plan to expand its activities in new sectors, with the aim of further development of the company in the Greek market, utilizing its know-how and dynamics in marketing, distribution and operation of sales networks.
Globalsat-Teleunicom Group of Companies, is a leading distributor of technology products, home appliances and small domestic appliances in the Greek market, which now views opportunities in the electricity retail market.
The overall plan coming soon
“In recent years, we have started the implementation of the expansion plan of our activities, always having as our central orientation our strengthening in the Greek market. “With the completion of the licensing process, we plan our entry into the electricity market and soon we will be able to announce our overall, detailed plan for our activation in a market that continues to have significant prospects in Greece,” Mr. Vassilis Papadopoulos, CEO of the Globalsat – Teleunicom Group said.
“The Globalsat – Teleunicom group of companies, leads the Greek market in the distribution and marketing of technology products and home appliances and small appliances and at the same time develops specialized professional solutions utilizing new technologies. The Group has exclusive partnerships with leading international brands, such as Samsung, Huawei, TCL and Sencor and cooperates with all companies in the telecommunications and technology sector as well as with all retail networks in Greece and Cyprus. In 2020, the Globalsat – Teleunicom Group started its cooperation with Blink Charging Hellas, undertaking, as a commercial representative, the development of the network of Blink electric car charging stations in Greece, while a few months ago it announced through Retail and more, the conclusion of the agreement for the reopening of Carrefour in the Greek market “, it is pointed out in the announcement.
Latest News
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
IOBE: Income Gap Between Poor and Wealthy Greeks Widens
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing