Greece’s OTE Group is to invest €2 billion in FTTH connections in the years to 2022. By the end of 2019, the OTE COSMOTE FTTH coverage will include approximately 150,000 households and businesses in Attica, Thessaloniki and other major urban centres. The OTE Group’s FTTH coverage is expected to progressively reach 1 million households and businesses in 2022. Speeds will range up to 1 Gbits/s, which is around five times faster than current fibre access.
The OTE Group is the largest investor in new technologies and infrastructures in Greece. With investments of more than €2 billion over the past six years, the Group’s COSMOTE Fiber is the largest fibre optic network in the country. With a route length of more than 43,000 km, today it passes over 3 million households and businesses.
News of the FTTH investment came at an event marking the activation of the first COSMOTE FTTH connection by the Minister of Digital Policy, Telecommunications and Information, Nikos Pappas. Also present were Secretary General of Telecommunications and Posts, Vasilis Manglaras, the Chairman and CEO of OTE Group, Michalis Tsamaz, and Dionisis Hatzidakis, the Mayor of Palaio Faliro where the inaugural COSMOTE FTTH link was located.
“The speed with which the fibre optic network is developed is a model for the coordination of local government, the private sector and the government. It is an example of strong public intervention, which has, as of the first moment, aspired to multiply private investment,” stated Minister Pappas. “At the same time, it shows that the private sector can seek its interests in the general interest of society, and not against it. Fibre optics and motorways are the largest investments in recent years.”
The Greek authorities offer a €360 subsidy voucher to low income households to encourage the uptake of high speed broadband. This is part of the EU’s Gigabit Society scheme.