Company Profile

OTE Group is the largest telecommunications provider in the Greek market, and, together with its subsidiaries, forms one of the leading telecom groups in South-eastern Europe.

OTE is among the three largest listed companies, with respect to capitalization, in the Athens Stock Exchange. OTE is also listed in the London Stock Exchange (LSE). Deutsche Telekom holds 40% of OTE's share capital and the Greek State holds 10%. OTE Group employs approximately 21,000 people in three countries.

OTE Group offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, real-estate and professional training.

Abroad, the Group operates in the telecommunications markets of Romania, where it offers fixed-line and mobile communications, as well as television services, and in Albania, where it offers mobile telephony services.

Aiming at continuously optimizing customer experience, OTE Group proceeded with establishing COSMOTE as the unified brand for all Group products in fixed-line and mobile telephony as well as internet services and pay TV. 

Telecommunications infrastructure

OTE Group is the largest investor in new technologies and infrastructure in Greece, having invested over €2bn over the past six years. For the four-year period 2017-2020 it is materializing investments in the range of €1.5bn, primarily targeted at optic fibers and new generation networks. 

At present, OTE provides quality communication using the most advanced telephony and data networks, with over 35,000 kilometres of optical fibres and numerous satellite, submarine and onshore international links to every point of the globe.

In Greece, besides providing the telephone network, which covers the entire country, including the remotest and least accessible regions of the Greek countryside, OTE offers broadband ADSL services to more than 95% of the existing telephone connections. OTE Group emphasizes to the replacement of the copper network by optic fibers, offering access to VDSL speeds up to 50 Mbps, to more customers. More than 2 million households and businesses have access to the new internet speeds. Moreover, there has been a sharp increase of the bandwidth of the National Core Networkm ensuring the flawless management of ever increasing data traffic through the International & National Internet.

In mobile telephony too, COSMOTE breaks new ground. It constantly develops its 3G network which covers more than 99% of Greece's population, and at the end of 2012 was the first provider in Greece to launch a 4G LTE (Long Term Evolution) technology network. Today, the company is No1 in Greece in terms of the population coverage achieved by its 4G network, exceeding 93%. At the beginning of 2015, COSMOTE also marketed its 4G+ LTE Advanced technology network, by offering speeds up to 300Mbps. Taking advantage of the increased capabilities of its mobile network after acquiring new spectrum, the Group was the first in Greece and among the first in the world, to launch mobile internet speeds up to 500Mbps. The population coverage of 4G+ has already exceeded 82%. 

Financial Data

For 2016, the Group announced turnover of €3.908,1 mn, at about the same level as last year. adjusted EBITDA reached €1.320,9 mn. and the Pro forma EBITDA margin at 33,8%. The level of free cash flow was in target with €459  mn.

The Group's adjusted Net Debt was €0.5bn at December 31, 2016, down 37.9% compared to December 31, 2015. The Group's ratio of adjusted Net Debt to 12-month trailing Adjusted EBITDA stood at 0.4x.

Corporate Responsibility

OTE Group has always connected its presence in Greece with social contribution. Under the pillars of the Environment, Society, Employees, and the Market, it is carrying out comprehensive Corporate Responsibility programs and actions. In 2016, it offered more than €3,6 mn for charitable purposes (support to vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports). 

OTE Group at a glance

Commencement of commercial operations

November 1949

Shareholding structure

Deutsche Telecom holds 40% of OTE's share capital and the Greek State holds 10%.

BoD Chairman & CEO

Michael Tsamaz

Counties of operation

Greece, Albania, Romania


COSMOTE S.A., OTEGlobe, OTESAT-MARITEL, COSMOTE e-value, CosmoOne, ΟΤΕ Estate, OTE Academy, OTE Insurance

Telekom Romania, Telekom Albania

Human Resources


Key Group data (2016)


€3.908,1 mn

Pro forma EBITDA


Pro forma EBITDA Margin


Customer base – 2016

Fixed access line connections: 2,667,886

Fixed broadband active retail subscribers: 1,635,736

COSMΟΤΕ TV subscribers: 502,696

Mobile communications subscribers: 7.7 mn (Greece)

Mobile communications subscribers: 14.89 mn (SE Europe)