The Greek incumbent OTE will continue with its current investment plan, according to Michael Tsamaz, its chairman and CEO.
Speaking at a Morgan Stanley conference in Barcelona and quote by Ekathimerini, he added that this will be keeping to a target of €500 million in cash flow for this year, in anticipation of government reforms in the Greek telecom sector.
Tsamaz also said that OTE’s €500 million investment this year would be largely towards the development of its New Generation Networks (NGNs).
OTE has allocated a total of €1.3 billion over a four year-period for such objectives as developing an all-IP network and further improving its TV offer.
The latter is growing rapidly in popularity in a market in which the total number of pay-TV subscribers, both DTH and IPTV, is now believed to number around one million.
OTE’s pay-TV subscriber total stood at 414,000 as of the end of Q3, up from 321,000 a year earlier.
