11th Apr 2006 08:14
Hellenic Telecomms Organization S A11 April 2006 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement OTE ANNOUNCES IEW REDUCED TARIFFS FOR HIGH - SPEED LEASED LINES Athens, April 5, 2006 - Hellenic Telecommunications Organization SA (ASE: HTO,NYSE: OTE), the Greek full-service telecommunications provider, today announcednew, reduced tariffs for high-speed leased lines for alternative (ISP and fixedline) carriers and the launch of a wholesale discount package branded: 'HighSpeed Pack'. The new discounts in high-speed leased lines significantly reduce the cost ofhigh- speed data transfer, thus contributing to the development of broadband inGreece. Specifically, the new tariffs, which have been approved by the RegulatoryAuthority and are effective as of April 3, 2006, are the following: Leased line category New yearly rental % Reduction (average*) (in relation to effective prices) Local 34 Mbps 32,620 • - 2.4 %Local 155 Mbps 65,785 • - 19.0 %Local 622 Mbps 164,462 • - 32.7 %Long-distance 34 Mbps 82,630 • - 42.5 %Long-Distance 155 Mbps 204,710 • - 47.0 %Long-Distance 622 Mbps 552,719 • - 57.9 % Note: prices do not include VAT as they refer to wholesale pricing * Leased lines are priced based on the distance they cover. The prices cited above refer to the cost of the average leased line length of each category. High-Speed Pack OTE is launching 'High -Speed Pack'. Through this package carriers will enjoyfurther reductions on top of the new-already reduced- high-speed leased linetariffs, according to their yearly spending. Specifically: Annual spending level * % of reduction Up to 200.000 • 0%Up to 400.000 • 5%Up to 600.000 • 10%Up to 800.000 • 15%Up to 1.000.000 • 18%Up to 1.500.000 • 20%Up to 2.000.000 • 22%Up to 3.000.000 • 24%Over ano 3.000.000 • 26% * total amount of spending coming from the rental of Local and Long-Distance,over 34 Mbps, leased lines 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 RelationsTel: +30 210 611 1574, Email: [email protected] Kozanoglou - Communications Officer, Investor RelationsTel: +30 210 611 1121, Email: [email protected] Diamanti - IR CoordinatorTel: +30 210 611 5070, Email: [email protected] Hadjigeorgiou-Financial AnalystTel: +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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