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12-Oct-2017 18:19

Formerly a state-owned monopoly, OTE's privatisation started in 1996 and is now listed on the Athens and London Stock Exchanges.Since July 2009 Deutsche Telekom is the largest shareholder of the company.Over 95% of existing telephone connections in Greece can have broadband services.OTE launched VDSL service in late November 2012 offering speeds of up to 50 Mbit/s to residential and business users.Following a further sale of shares and voting rights, as of 11 July 2011 Deutsche Telekom’s stake in OTE has risen to 40% while that of the Greek State amounts to 10%.OTE owns 54% of the share capital of Telekom Romania (former Romtelecom), the main telecommunications operator in Romania, providing fixed-line services (voice, broadband, data and leased lines) and satellite TV services to the local market.

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In 2012 it completes two Voluntary Retirement Programs. OTE offers, since 2003, broadband services to the overwhelming majority of Greece, originally through the Conn-x, and [email protected] broadband packages, while current packages are provided under Cosmote Home brands.

In 2007 Marfin Investment Group acquired 20% of the company, and in March 2008 sold it to Germany's Deutsche Telekom which later increased its stake to 25% plus one vote, matching that of the state.