
A Hellenic Telecommunications Organization (OTE) general shareholders’ meeting on Wednesday approved a board plan to pay a 0.558 euro per share dividend to shareholders.
Addressing the meeting, Michalis Tsamaz, OTE’s chairman and CEO, said that the country needed top digital infrastructure to ensure its long-term recovery.
“We are determined to continue playing a leading role in developing future networks, creating an environment in which digital economy will develop,” he said. Tsamaz added that change has become a new reality in the last few years and noted that OTE was now more ready than ever before to respond to new challenges and remain on the track of growth.
OTE has brought the FTTH network to 560,000 households in Greece, with the goal of reach 1.0 million by the end of 2022 and 3 million by 2027, while the company has pledged to invest more than 3 billion euros in a six-year period, Tsamaz said.


Latest News

Economist Intelligence Unit: Greek economy growth in 2022 at 4%
This despite the fact that the Economist Intelligence Unit (EIU), revised its respective estimates for the global and European economy downwards, in the shadow of the war in Ukraine and galloping inflation in food and energy prices

Energy Min.: Electricity subsidy of 0.20 euros/kWh in July for all residences
The cost of the subsidy package stands at 722 million euros

Handelsblatt: European airports in chaos – Not so in Greece
What Greek airports are doing this year in contrast to European hubs

Why a trip to Patmos and Lipsi is the best of Greek island living, Conde Nast asks
A treat for both body and soul, notes the article

Kallimanis: Passes under the control of Turkish Dardanel by court decision
The decision of the Multi-Member Court of First Instance of Aigion validates the reorganization agreement

Offshore wind farms: Avid investment interest but nebulous institutional framework
The bill being prepared for investments in the Greek seas might evolve into chaos - The relevant provisions will be put to consultation soon

Battling flames in Itea and Kranidi – Aircraft join the fray
Yesterday an evacuation order was given for the northern part of Itea and the village of Sernikaki

ION: Rise in turnover, profits, and exports in 2021 – Plans for 2022
Group sales at 121.7 million euros – Raw materials and energy costs

Watch 26th Annual Economist Gov’t Roundtable live
Top ship owners Marinakis, Frangou among the panel speakers

First major wildfires of summer season erupt in south-central Greece
Most of the scorched areas so far have been olive groves and mountainous brushland