OTE Group to spend €3 billion on FTTH rollout

Created December 21, 2021
News and Business

It what it says is the biggest investment in Greece’s communications infrastructure, incumbent operator OTE Group is to spend over €3 billion rolling out fibre to the home by 2027. The Group will deploy a fixed broadband network that it says will cover the country’s digital needs for the next decades, bringing FTTH to 3 million households and businesses, almost two thirds of the country’s lines. The Group also says it will upgrade, free of charge, the fixed broadband speeds of eligible COSMOTE customers to increase the take-up of high broadband speeds.

The plan for the country’s digital future was presented to the Prime Minister, Kyriakos Mitsotakis and the Minister of State and Digital Governance, Kyriakos Pierrakakis by the Deutsche Telekom group CEO, Tim Höttges, the Deutsche Telekom board member Europe, Dominique Leroy, the chairman & CEO of OTE Group, Michael Tsamaz and the OTE Group General Counsel’s chief legal & regulatory affairs officer, Eirini Nikolaidi, during a meeting in Athens.

During the meeting with the Prime Minister, Tim Höttges said, “Deutsche Telekom’s investment in Greece is of strategic importance. Especially over the past years, the country has made significant progress in all sectors, proving that it belongs among Europe’s front-runners. Through our strategic plan to accelerate FTTH rollout, we firmly support the vision for the country’s digital transformation and pass a vote of confidence in its growth potential”.

“By investing in FTTH, we invest in Greece’s and Europe’s future. State-of-the-art networks are a prerequisite for businesses to grow, for attracting investments, creating new jobs and radically changing everyday life. Fibre to the Home is indispensable for every country that aims for digital growth and increased competitiveness on an international level. With a game-changing initiative, we realise the biggest investment in network infrastructure of the last decades in Greece empowering the country for the digital era,” stated Dominique Leroy.

The Chairman & CEO of OTE Group, Michael Tsamaz, said: “The OTE Group builds Greece’s digital future. We respond to the actual needs of the State, the society and the market, by deploying today the network that will foster growth for the next decades and by upgrading free of charge our customers’ fixed speeds.” Tsamaz added: “The rapid development of our FTTH network is a big challenge, a complex project of enormous importance for the country. We are not intimidated by this great responsibility. If there is one company that can carry this project through, it’s the OTE Group and its people.”

For more information, visit www.cosmote.gr/fibre


This article was written
by Peter Dykes

Peter Dykes is a independent telecoms and technology journalist who has over that last 30 years written for a wide range of B2B publications and companies. A former BT engineer, he specialises in networks and associated support systems. He is currently Editor of Optical Connections.