20th Dec 2007 14:04
Hellenic Telecomms Organization S A20 December 2007 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement CONN-X REDUCED TARIFFS BY UP TO 44.5% AND OFFER OF NEW INTERNET ACCESS SPEED OF UP TO 24 Mbps Athens, December 20, 2007 - The Hellenic Telecommunications Organization SA (OTESA), announces new, reduced tariffs by up to 44.5% for its Conn-x (ADSL)packages. The new tariffs, which are effective from December 17, 2007 apply toall new, as well as existing connections. Moreover, OTE will also proceed, free of charge, with a gradual upgrade ofconnection speed from 768/192 Kbps to 1024/256 Kbps. As of December 17, 2007,all 1024/256 Kbps speed connections will be charged at the new price of €16.50per month. In addition, OTE is announcing the offer of new, faster, internet access speedsof up to 24 Mbps, at the price of €29.90 per month. Specifically, the new Conn-x packages tariffs are as follows: Nominal current Current monthly New Nominal access New monthly Difference access speed fee speed fee(downstream/upstream) 768 / 192 €18.50 1024 / 256 €16.50 -10.81% 1024 / 256 €21.50 -23.26% 2048 / 256 €29.50 2048 / 256 €19.50 -33.90% 4096 / 256 €38.50 4096 / 256 €22.50 -41.56% 8192 / 384 €48.50 8192 / 384 €26.90 -44.54% - - Up to 24576 / 1024 €29.90 New speed Note: All prices include 19% VAT The new internet access speed of up to 24 Mbps is available in Athens,Thessaloniki, the major cities of Greece, such as Patra, Ioannina, Iraklion,Alexandroupolis, Larisa, Volos, Kavala, Xanthi, Komotini, as well as in 35 othercities. The new service will gradually become available in more cities acrossthe country. The new tariff reduction follows two rate cuts implemented earlier in the year,in May and February. OTE's offering of faster ADSL speeds at highly competitive prices willcontribute to the further promotion of broadband in Greece. About OTE OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in South-eastern Europe, providing top-quality products andservices to its customers. Apart from serving as a full service telecommunications group in the Greektelecoms market, OTE Group has also expanded during the last decade itsgeographical footprint throughout South East Europe, acquiring stakes in theincumbent telecommunications companies of Romania and Serbia, and establishingmobile operations in Albania, Bulgaria, the Former Yugoslav Republic ofMacedonia and Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions ranges from fixed and mobile telephony to Internet applications,satellite, maritime communications and consultancy services. Listed on the Athens Stock Exchange, the company trades under the ticker HTO aswell as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE'sAmerican Depository Receipts (ADR's) represents 1/2 ordinary share. Additional Information is also available on http://www.ote.gr. Contacts: OTE: Dimitris Tzelepis - Head of Investor Relations Tel: +30 210 611 1574, Email: [email protected] Nektarios Papagiannakopoulos-Senior Financial Analyst, Investor Relations Tel: +30 210 611 7593, Email: [email protected] Daria Kozanoglou - Communications Officer, Investor Relations Tel: +30 210 611 1121, Email: [email protected] Marilee Diamanti - IR Coordinator Tel: +30 210 611 5070, Email: [email protected] Christina Hadjigeorgiou - Financial Analyst Tel: +30 210 611 1428, Email: [email protected] Forward-looking statement Any statements contained in this document that are not historical facts areforward-looking statements as defined in the U.S. Private Securities LitigationReform Act of 1995. All forward-looking statements are subject to various risksand uncertainties that could cause actual results to differ materially fromexpectations. The factors that could affect the Company's future financialresults are discussed more fully in the Company's filings with the U.S.Securities and Exchange Commission (the "SEC"), including the Company's AnnualReport on Form 20-F for 2006 filed with the SEC on June 28, 2007. OTE assumes noobligation to update information in this release. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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