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An update from Hellenic Telecom Organization SA ( (HLTOY) ) is now available.
OTE has signed binding agreements to acquire TERNA FIBER, the entity responsible for the Ultra-Fast Broadband Infrastructure project in Greece. This acquisition will allow OTE to manage the entire project, which aims to provide ultra-high-speed internet access to 480,000 households and businesses in semi-urban and rural areas. The project is part of a Public-Private Partnership under the European Union’s funding framework, with a 26-year concession period. This move aligns with OTE’s strategy to expand its NGA coverage nationwide, significantly upgrading Greece’s connectivity and accelerating the transition to a fiber optic network.
More about Hellenic Telecom Organization SA
Hellenic Telecommunications Organization S.A. (OTE) is a leading telecommunications company in Greece, focusing on providing high-speed internet and connectivity services. The company is committed to expanding its Next Generation Access (NGA) coverage across the nation, enhancing the country’s digital infrastructure.
See more data about HLTOY stock on TipRanks’ Stock Analysis page.