Greek Telecoms firm OTE announces €800 million in investments for 2017

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Greek Telecoms firm OTE announces €800 million in investments for 2017Infrastructure improvement is very important for Greek tourism

The Greek telecoms firm OTE on Thursday announced that it had carried out investments of 800 million euros in 2017, mainly in optical fibres and new generation mobile networks, ANA reports.

In Greece, revenues were down 3.9 pct to 717.3 million euros in Q4'17, as higher revenues from fixed and mobile operations were offset by lower revenues from OTE Globe and the completion of the construction phase of the rural broadband project. 

 Investment in fibre is paying off, with record VDSL additions in the quarter, and the TV subscriber base continued to grow. 

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: License: CC-BY-SA

 

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