OTE cuts wholesale prices in bid to boost broadband

7 Apr 2006

Dominant telco OTE has reduced the fees on high-speed lines leased to its rivals with the aim of lifting Greece from its position as the country with the lowest broadband penetration country in Europe. OTE hopes the move will stimulate broadband take-up, helping it to offset the ongoing decline in core fixed line voice traffic. Greece’s broadband penetration currently stands at approximately 2%, compared with an EU average of 29%. The Greek government plans to invest EUR184 million this year to raise penetration to 7% by 2008, while some analysts are predicting that the figure will rise to 25% by 2010.

Greece, Cosmote