Vantage Towers sees development prospects and “smart” collaborations in Greece

Vantage Towers Greece sees significant growth prospects in Greece, using as a vehicle the collaborations with all the "players" in the telecommunications sector, but also of the wider market, also winking to energy companies as well.

The first Tower Company in Greece, a subsidiary of the Vantage Towers group listed on the Frankfurt Stock Exchange, with its footprint in 10 European countries, announced yesterday the completion of its initial staffing phase with the integration of business activities, as well as 71 executives, of VICTUS Networks S.A. related to the operation of passive infrastructure, ie telecommunication towers.

The development of 5G networks, the growing demand for data, the shift to InternetofThings, but also gaming, are the ground on which Vantage Towers builds its growth bases, with Greece currently being the third largest market in Europe. Vantage Towers Greece gathers in its portfolio 5,200 base stations, essentially the passive equipment of Vodafone Greece and Wind, with which it has a well-established multi-year cooperation, initial duration of 8 years, with 3 additional consecutive renewal periods, lasting 8 years each .

As stated yesterday, during a press conference, the CEO of Vantage Towers Greece, Mr. Athanasios Exarchos noted that development plan of the company for Greece includes new stations, as in the next period is expected to increase mobility in this new market in Greece, mainly for the development of new generation networks. A key advantage is that the company can immediately make its infrastructure available to anyone who needs it, while looking positively at the possibilities of synergies for example with energy companies that have infrastructure throughout the country.

In fact, the head of the...