OTE to Expand Fiber Network in Greece to 1 Million Households

  • OTE Group
ATHENS, GREECE — OTE Group will provide 1 million households and businesses with access to its fiber-to-the-home (FTTH) network by 2022. OTE Group's FTTH investment plan will also connect educational institutes, transportation hubs, business parks and public buildings.

OTE Group's FTTH investment will provide internet speeds of up to 1 Gbps to 25 percent of the country's fixed lines. OTE Group repeated its commitment to invest robustly for the development of 5th generation mobile networks (5G), as a prerequisite for the Gigabit Society. Total OTE Group investments in Greece, mainly for infrastructure and new generation networks, will reach up to $2.5 billion by 2022.

Meeting EU Broadband Targets
OTE Group Chairman and CEO, Mr Michael Tsamaz, stated, "We are the company of fiber optics in Greece. We are implementing the largest telecommunication infrastructure upgrade project of the last decades by installing fiber optics all over the country. For years now, we have been investing in fiber optic networks to support the country's digital growth and to meet EU broadband targets. We will continue to do so, bringing fiber optics to 1 million households. Our aim is to create a better world for all."

Cosmote Fiber
OTE Group is a major investor in new technologies and infrastructure in Greece, having invested over $2.5 billion over the past six years. It has the largest fiber optic network in Greece. COSMOTE Fiber enables more than 2.7 million households and businesses to enjoy internet speeds of up to 200 Mbps as well as advanced broadband services. OTE Group has also installed a fiber optic network in the framework of the Rural Broadband project. FTTH is a strategic goal and an integral part of OTE Group's technological plans.

In mobile telephony, OTE Group's 4G and 4G+ networks reach 98 percent and 92 percent of the population respectively. OTE Group contributes to the new 5G infrastructure and services design and development through its active involvement in 11 European research projects. It was the first to carry out a 5G network live demo in Greece, presenting its potential to the Greek public.

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