OTE Group


OTE Group is the largest technology company in Greece. It is one of the top three listed companies with respect to capitalization, in the Athens Stock Exchange and is also listed in the London Stock Exchange. Deutsche Telekom holds 46% of OTE’s share capital and the Greek State holds 5.5%. OTE Group employs approximately 12,500 people in Greece and approximately 20,000 people in total.

OTE Group offers a wide range of services: fixed and mobile telephony, broadband services, pay television and integrated ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications and real-estate. Abroad, the Group operates in the telecommunications market of Romania, where it offers fixed-line and mobile communications, as well as pay TV services.

COSMOTE is the unified commercial brand for all the products and services of the Group and its key message is “a better world, for all”. Its mission is to bring technological capabilities to all, so that everyone can live and enjoy at the fullest all possibilities offered now, while also building on them for a better tomorrow.

Telecommunications infrastructure

OTE Group invests heavily in New Generation Networks, creating infrastructure which will boost the Greek economy and create growth potential. It is the largest investor in new technologies and infrastructure in Greece, having invested €4.7 bn over the past decade. Furthermore, the Group implements a four-year €2 bn. investment plan to offer even higher speeds and wider coverage in fixed and mobile telephony.

Thanks to these investments, COSMOTE Fiber is the largest fiber optic network in Greece, providing over 50 % of the country’s population with access to speeds of 100Mbps or higher. By the end of 2019, OTE Group had installed more than 75% of the country’s Fiber To The Home lines, accomplishing a very important goal: Providing access to more than 150.000 households and businesses with guaranteed internet speeds with 100% fiber optics. OTE Group’s goal is for FTTH coverage to reach gradually 1 million by 2022.

In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. It is by far the No1 in Greece in terms of population coverage, with its 4G and 4G+ LTE Advanced technology network, reaching 99% and 96% respectively. At the same time, the Group is intensively preparing for 5G, the next generation of wireless communication. From 2015, it has contributed to the design and development of new 5G technologies, infrastructure and services, with its dynamic participation in European research projects, while COSMOTE has implemented the first trial network of 5G in the Municipality of Zografou, in Attica, achieving live speeds above 12Gbps.

Financial data

For 2019, the Group announced turnover of €3,907 mil. Increased by 2.9%. Adjusted EBITDA reached €1,364.1 mil. and the adjusted EBITDA margin further increased by 2 bps, at 34.9%. The adjusted free cash flow increased by 41.6% at €488.1 mil. The Group’s adjusted Net Debt remained at €0.7bn, which corresponds to 0.6 times the Group’s annual adjusted EBITDA.

It is worth noting that in 2019 OTE Group raised €500 mil. from international capital markets by issuing a coupon set at 0.875% p.a., the lowest achieved in its history.

Sustainable growth

OTE Group exploits the power of technology in order to create a better world for all. Sustainable growth is an integral part of the Group's business strategy and the sustainable growth principles are integrated into its operation, through which it contributes to the economy, the society and the environment.

In 2019, Group’s social contribution amounted to approximately €3.7 mil. The focus of its activities was the development of digital skills for people of all ages, as well as meeting society’s core needs by supporting vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports.