“We respect everyone and fear no one. We are fully confident in our ability to tackle any challenges that arise,” stated OTE Chairman and CEO Kostas Nebis during the regular general meeting, responding to a question about PPC’s entry into the telecommunications sector.
“So far, PPC has primarily operated in a limited area. Our stance is well-known among our competitors. We respect everyone and fear no one. With years of experience, robust infrastructure, and a diverse array of services—including telephony, internet, and television—we are also venturing into new fields beyond telecommunications, offering added benefits to our subscribers. As part of a large Telekom group, we enhance our expertise and are confident in addressing any issues that may surface.”
Two-Thirds of Greece to Have Fiber Optic by 2027
Nebis reaffirmed OTE’s dedication to shaping Greece’s digital future, aiming to deploy FTTH (fiber to the home and business) across two-thirds of the country by 2027.
“Our plan includes significant investments in Ultra-Fast Broadband Infrastructure in semi-urban and rural areas, which are essential. Currently, we serve 1.8 million households and businesses and aim to reach 2.1 million by the end of the year,” he explained.
Nebis emphasized, “Our focus remains on investing in leading networks and digital services for the benefit of our customers, society, and the nation. We are committed to delivering an exceptional customer experience, leading in Gigabit networks, and transforming our operations through artificial intelligence.” He also mentioned that OTE will continue to utilize its competitive advantages to maintain its leading position and accelerate growth in the coming years.
The CEO expressed optimism for several reasons:
- “We boast decades of experience in telecommunications, having invested billions to develop both access and backbone networks, with most of our fixed-line infrastructure being underground to ensure uninterrupted quality service.”
- “We offer a comprehensive range of leading services, including internet, fixed and mobile telephony, and television, along with non-telecommunication services, providing competitive perks and discounts through Magenta ONE.”
The general meeting is set to discuss a dividend of 72.16 cents per share. Nebis noted, “We await necessary approvals for finalizing the sale of our operations in Romania. Depending on the outcome, we will adjust shareholder remuneration accordingly.”
