OTE

A total of 2 billion euros has been paid to the Treasury by the telecommunication companies which won a tender for the launch of advanced 4.5G technologies in Turkey.

Greece participated for the first time with its own pavilion at the International Shipping and Shipping Engineering Kormarine BUSAN 2015 that was held on 20-23 October 2015 in Korea. Enterprise Greece in cooperation with HEMEXPO organized the Greek participation.

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.

Fifty scholarships worth fifteen thousand euros (15.000€) each, for freshmen students in Greece facing financial and social difficulties, were announced by ΟΤΕ and COSMOTE for the 2015-2016 academic year.

Moody’s on Tuesday confirmed Hellenic Telecommunications Organization S.A.’s (OTE) corporate family rating (CFR) at Caa2 and its probability of default rating (PDR) at Caa2-PD.

At the same time, Moody’s assigned a stable outlook to all ratings.

This rating action concludes the review for downgrade

Fitch Ratings said it has expected that increased focus on bundled services within the Turkish telecoms market could lead to an increase in content costs, especially for live football broadcast rights in a note on Aug. 24. 

Sixteen foreign companies and investment funds have submitted a non-binding offer for state telecommunications company Telekom Srbija, local media reported on Wednesday.

The deadline for submitting non-binding bids expired on Monday, but the government has not announced the names of the bidders.

Telekom Austria Group on Wednesday announced its Bulgarian subsidiary Mobiltel has agreed to acquire 100% of Blizoo Bulgaria from Swedish EQT group.

Public prosecutor Evgenia Kyvelou on Friday recommended that five people stand trial for moving illegal funds linked to kickbacks in defence contracts paid during the time when former socialist PASOK minister Akis Tsohatzopoulos headed the defence ministry.

A corruption prosecutor on Monday brought criminal charges of active bribery against four representatives of the Greek branch of German multinational drugmaker Bayer, as well as accessory charges against a company employee and the legal representatives of two other Greek firms.