| OTE (Hellenic Telecommunication Organization) |
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| Type | public utility |
| Founded | 1949 |
| Headquarters | Athens, Greece |
| Area served | Greece, South East Europe. |
| Key people | Panayis Vourloumis (CEO) |
| Industry | Telecoms |
| Products | Telephony |
| Revenue | €5.891 billion[1] |
| Operating income | €2.167 billion[2] |
| Employees | 11,720 [3] |
| Website | http://www.ote.gr/ |
OTE (NYSE: OTE) is the national telecommunications provider of Greece. Standing for Hellenic Telecommunication Organization (Οργανισμός Τηλεπικοινωνιών Ελλάδος), OTE is the incumbent telecommunications operator of Greece. OTE was created in 1949 to bring several related public and private enterprises under one telecommunications umbrella. Prior to this, telephony, telegraphy, local and international connections were fragmented and ill coordinated. Up to 1998, the telecommunications market in Greece was a monopoly. The market was opened to competitors and OTE was gradually privatized. As a result, the Greek government currently holds under 50% of the company's stock. Along with the rest of the telecoms market, OTE is regulated by the National Telecommunications and Post Commission (Εθνική Επιτροπή Τηλεπικοινωνιών και Ταχυδρομείων - EETT). The company covers the whole country with digital PSTN and ISDN telephone lines and also offers (low-bandwidth) ADSL in all urban areas. OTE is a group of companies owning, besides the OTE fixed-line company, an ISP (Otenet), a mobile phone company (Cosmote) and many other companies including OTE International Investments which in its turn owns lots of telcos in Southeastern Europe (Bulgaria, FYROM, Romania, Serbia, etc.). On November 3, 2006 OTE sold its 90% stake in the Armenian telecom provider ArmenTel to a Russian company OJSC Vimpel-Communications. OTE also runs a TETRA network.
Other
Area codes can be seen at List of dialing codes in Greece
References
- ^ 2006 Annual Report (PDF). OTE.gr (2007). Retrieved on 2007-07-26.
- ^ 2006 Annual Report (PDF). OTE.gr (2007). Retrieved on 2007-07-26.
- ^ OTE Factsheet (PDF). OTE.gr (July 2007). Retrieved on 2007-07-26.
External links
 FTSE/Athex 20 companies of Greece |
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Alpha Bank · ATEbank · Bank of Cyprus · Coca-Cola E.E.E. · ELTEX · Eurobank EFG · Greek Postal Savings Bank · Hellenic Petroleum · Intralot · National Bank of Greece · Marfin Investment Group · Marfin Popular Bank · Motor Oil Hellas · Mytilineos · OPAP · OTE · Piraeus Bank · Public Power Corporation · Titan Cement · Viohalco |
