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Latest Telecoms News about Greece
OTE Revenues Shrink, as do Losses
Greece's OTE has reported a fall in fourth-quarter revenues of 9.1% to EUR1.13 billion (US$1.5 billion), but improved its net loss, which came in at EUR43.7 million (US$57 million) compared to a loss of EUR77 million a year ago....
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Over 1,500 Staff at OTE Accept Voluntary Redundancy
The Greek telco, OTE has announced that 1,516 staff have accepted its voluntary redundancy scheme since it was announced last November, exceeding the company's initial target....
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Vodafone Greece Deploys 3G Services in 900Mhz Bands
Vodafone Greece says that it has become the first company in Greece to utilise the 900MHz frequency for better 3G coverage....
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Cosmote Picks Up 3G Performance Award - Starts LTE Tests
Greece's Cosmote says that it has started testing of an LTE network, making it the first in the country to start such trials....
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Greece's OTE Debt Ratings Downgraded on Euro Crisis Concerns
In the case of Greece and OTE, the country ceiling rating action reflects the heightened risk of a Greek exit from the eurozone which could be accompanied by currency redenomination - which in turn could affect OTE's existing euro-denominated debt. ...
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Greece's OTE Put on Ratings Watch Over Financing Concerns
The Rating Watch Negative (RWN) reflects OTE's mid-term tight liquidity profile in the absence of a tangible refinancing plan for the company's upcoming maturities in 2013....
Related Tags: ote, fitch-ratings, deutsche-telekom
Vodafone to Promote Greek Tourism to Global Customer Base
Vodafone's CEO, Vittorio Colao has reaffirmed the company's commitment to the Greek market, where it recently cancelled merger talks with rival network Wind Hellas....
Related Tags: vittorio-colao, vodafone
Greek Default Would Hurt Incumbent Telco, OTE More than its Competitors
Progress continues to be made towards a near-term sovereign debt restructuring in Greece. The protracted nature of negotiations has, however, raised the question of what would happen to the domestic telecoms sector...
Related Tags: wind-hellas, ote, deutsche-telekom
Vodafone Sends Greek Cash to the UK Every Evening
Vodafone Group has confirmed that it is moving spare cash out of its Greek subsidiary every evening, in case the government defaults or decides to withdraw from the Euro currency....
Related Tags: vodafone
Vodafone Ends Takeover Talks with Greek Telco, Wind Hellas
Vodafone has walked away from talks to buy the Greek mobile network, Wind Hellas. Talks were initiated last August....
Related Tags: wind-hellas, vodafone
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