15th Mar 2006 09:55
Hellenic Telecomms Organization S A15 March 2006 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement OTE ANNOUNCES NEW RETAIL TARIFFS Athens, March 13, 2006 - Hellenic Telecommunications Organization SA (ASE: HTO,NYSE: OTE), the Greek full-service telecommunications provider, announces newretail tariffs, which, subject to approval by the regulator (NTPC), will beeffective from April 3, 2006. Main characteristics of the new tariffs are: OTE, for the first time introduces flat rates, the packages "OTE 480","OTE600","OTE 720","OTE 900", for retail customers, which offer savings of up to 19%in local and long distance calls. Additionally, the packages "OTE Business Local500", "OTE Business Local 750", "OTE Business Local 1000", and "OTE LongDistance 100", "OTE Long Distance 200","OTE Long Distance 300","OTE LongDistance 500", offer to business customers up to 18% savings in local calls andup to 20% in long-distance calls. Both retail and business customers can combinethe new flat rate packages with the existing packages "OTE options", and "OTEbusiness", and enjoy savings of up to 35% in their international calls. Subscribers to the discount package "OTE business Plus", aimed at large businesscustomers, will now enjoy greater discounts (up to 18% in local and 31% in longdistance calls). Additionally, local calls will be charged at €0.02977 per minute, instead of€0.03094 , and long distance calls will be charged at €0.06783 per minute,instead of €0.07378 (all prices include 19% VAT). The PSTN line monthly rental (net of 19% VAT) will increase by €0.50, reaching€12.40 per month, while ISDN-BRA line rental will also increase by €0.50,reaching €15.90 per month. (Recently OTE has started quoting prices including VAT of 19%, therefore thecorresponding new prices including VAT will be €14.756 per month for PSTN, and€18.921 per month for ISDN.) About OTEOTE 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, Serbia and Armenia, andestablishing mobile operations in Albania, Bulgaria and the Former YugoslavRepublic of Macedonia. At present, companies in which OTE Group has an equityinterest employ over 44,000 people in seven 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] Nikos Kallianis - Senior Financial Analyst, Investor Relations Tel: +30 210 611 8167, 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 statementAny 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 2004 filed with the SEC on June 30, 2005. 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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