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Hellenic Telecommunications Organization S.A. (OTE) announced on November 6, 2025, it entered into binding agreements to acquire TERNA FIBER for a minimal consideration. This involves OTE initially acquiring BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS, a 100% subsidiary of GEK TERNA S.A. holding 50.1% of TERNA FIBER, and subsequently the remaining 49.9% from GRID TELECOM S.A. The transactions, which are subject to State Contracting Authority approvals, relate to TERNA FIBER's "Ultra-Fast Broadband Infrastructure" project covering 4 out of 7 geographic lots for 480,000 households and businesses, with the entire 26-year project covering approximately 860,000 lines.
| Date | 6 Nov 2025 |
| Time | 08:43:39 |
| Category | Acquisitions and alliances |
| ID | 4896G |
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: [email protected]