REG - Hellenic Telecomms - UFBB Project

Hellenic Telecommunications Organization SAAnnouncement

06/11/2025 08:45

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RNS Number : 4896G  Hellenic Telecomms Organization S A  06 November 2025

 

OTE signs agreement for Ultra-Fast Broadband PPP project implementation
through transfer of TERNA FIBER

Athens, November 6, 2025 - Hellenic Telecommunications Organization S.A.
("OTE") announces that it has entered into binding agreements for the
acquisition of the special purpose vehicle TERNA FIBER, which has been awarded
the "Ultra-Fast Broadband Infrastructure" (UFBB) project for the development
and operation of infrastructure that will provide ultra-high-speed Internet
access in four out of seven geographic lots, covering 480,000 households and
businesses in semi-urban and rural areas of Greece.

Specifically, pursuant to these agreements, OTE will acquire, for a minimal
consideration: (a) initially from GEK TERNA S.A. its 100% subsidiary,
BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS, which holds 50.1% of TERNA
FIBER, and (b) in a second phase, the remaining 49.9% of TERNA FIBER from GRID
TELECOM S.A. The transactions are subject to the relevant approvals of the
State Contracting Authority.

The UFBB project is a Public-Private Partnership (PPP) under the European
Union's funding framework, with a 26-year concession period (including the
construction period). Since 2023, OTE has been implementing the project across
three geographic zones, and with the completion of these agreements, OTE will
undertake the entire project.

The acquisition aligns with OTE's strategy to expand its NGA coverage
nationwide, offering the fastest and most reliable connectivity. UFBB is a
crucial step towards upgrading the country's connectivity and accelerating the
transition to fiber optic network. The entire UFBB project will cover
approximately 860,000 lines across Greece.

 

 

 

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

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

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

 

 

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