OTE Group

OTE telecom announced on Wednesday the conclusion on Tuesday of the bookbuilding process for the issuance of a 500 million-euro seven-year bond in international debt capital markets.
The issuance was strongly oversubscribed allowing tight pricing. The coupon was set at 0.875 percent, the lowest ever achieved, OTE stated.

The OTE Group on Thursday announced a new annual voluntary exit program. In a bid to reduce staff numbers, the program will be targeted toward about 1,400 employees of OTE, Cosmote and Germanos in Greece.

Deutsche Telekom-owned OTE on Wednesday announced the sale of its entire stake in Albanian subsidiary Telekom Albania to Bulgarian company Albania Telekom Invest AD for the amount of 50 million euros.

Greece's biggest telecom operator OTE Group flicked the switch on the first "fiber-to-the-home" ultra-fast internet connection on Tuesday, which will help the country make a leap to faster speeds within the next four years.

Fraport Greece announced on Thursday it has upgraded the 14 regional airports it manages with services provided by leading telecommunications company Cosmote, which it claims substantially contribute to the uninterrupted and secure communications of the airports, the efficiency of the group's operations and optimal service for passengers.

The OTE Group announced on Wednesday the completion of the first phase of the country's largest telecommunications infrastructure upgrade project in recent decades, with the increase in the number of street cabinets connected with optical fibers coming to more than 13,000.

Leading telecommunications provider Cosmote on Tuesday announced it is offering 51 scholarships, totaling 770,000 euros, to first-year students in Greece from financially and socially disadvantaged backgrounds for the academic year 2016-17.

Applications can be made at www.cosmote-scholarships.gr until October 17.

OTE Group, in cooperation with the Greek Ministry of Culture and Sports, will offer free wireless broadband (Wi-Fi) services at 20 top archaeological sites and museums in Greece. The goal of this investment exceeding €2 million is to promote the Greek cultural heritage through technology and promote the public’s interaction and connection with the sites.

The development of the SAS in Nemea, Peloponnese, will be a key infrastructure milestone for EAN, which was unveiled by Inmarsat last month as the first aviation passenger connectivity solution in Europe to combine an advanced satellite network and LTE-based ground network, the latter of which will be operated by Deutsche Telekom.

Coca-Cola HBC and OTE, two of the largest companies operating in Greece, partner following a global tender. With an investment of €43m Coca-Cola HBC assigns OTE to provide and run its data center (DC) in Greece, servicing business transactions for more than 36,000 employees in the 28 countries where Coca-Cola HBC is present.