Greece’s OTE has said it is unwilling to acquire the 46% of shares in the Romanian incumbent telco Romtelecom it does not already own.
The Romanian incumbent telco Romtelecom ended the first quarter with 1,064,710 subscribers to its satellite, cable and IPTV services.
Solid growth in TV operations in both its home market Greece and Romania were one of the few positives in the latest results published by OTE.
OTE-backed Romtelecom’s TV operations continued to perform extremely well in the first half of the year despite the deteriorating economic situation in Romania.
OTE-backed Romtelecom ended the first quarter with 893,757 subscribers to its DTH and IPTV operations.
Pirelli Broadband Solutions has announced it has been selected by Greek incumbent telecoms operator OTE to deliver HD and HD/PVR set-top boxes for its Conn-x TV IPTV service.
2009 was a tough year for Greece’s OTE, its revenues of €5,984.1 million being 6.6% down on the previous 12 months.
The Romanian incumbent telco Romtelecom has invested nearly €130 million in the first nine months of this year, of which almost a quarter was on DTH reception equipment installed for customers.