REG - Hellenic Telecomms - Announcement of regulated information

Hellenic Telecommunications Organization SAAnnouncement

11/03/2024 09:00

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RNS Number : 3298G  Hellenic Telecomms Organization S A  11 March 2024

 
       Announcement

 

Athens, March 11, 2024 - The Hellenic Telecommunications Organization S.A.
("OTE S.A." or "Company") announces that, in the effort to increase and
strengthen its overall value and dynamics, and  following the successful
spin-offs of the Customer Service, Shops and Field Technical Services units,
absorbed by COSMOTE E-VALUE Group, GERMANOS and COSMOTE TECHNICAL SERVICES, it
is exploring the spin-off of its activities related to the passive
infrastructure of mobile telephony towers into a 100% subsidiary. This move
aims to better utilize and enhance the transparency regarding the value of the
specific asset.

Οnce completed, subject to approval by the Company's relevant decision-making
bodies, this process will support the optimization and efficiency of the
Group's operations. The spin-off is not expected to have any impact on the
Group's consolidated financial results.

Furthermore, the Company announces that it is investigating alternatives and
possibilities to optimize its activity in the pay-tv operations for reducing
 its costs.

The Company will proceed with more detailed information to capital markets,
following relevant approvals.

The announcement is issued as Regulated Information in accordance with the
provisions of Law 3556/2007 [article 3, par. 1 (p), and article 21] and
Regulation 596/2014 (article 17) of the European Parliament and of the Council
on the abuse of the market.

FOR FURTHER INFORMATION:

 OTE GROUP INVESTOR RELATIONS

 Τel. +30 210-6118190, +30 210-6117364

 E-mail: iroffice@ote.gr (mailto:iroffice@ote.gr) , ziavra@ote.gr ,
 eboua@ote.gr

 

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