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Hellenic Telecommunications Organization S.A. (OTE) announced on January 29, 2026, the acquisition of 100% of TERNA FIBER S.A. This was completed via a two-step process, which included OTE acquiring 100% of BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA from GEK TERNA S.A. in November 2025. Subsequently, BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA acquired the remaining 49.9% of TERNA FIBER S.A. from GRID TELECOM S.A., building on its existing 50.1% holding.
| Date | 29 Jan 2026 |
| Time | 15:49:46 |
| Category | Corporate updates |
| ID | 9776Q |
Announcement
Athens, January 29, 2026 - Hellenic Telecommunications Organization S.A, ("OTE"), announces that, following the announcement on November 6, 2025 regarding the "Ultra-Fast Broadband Infrastructure" (UFBB) project, today acquired 100% of TERNA FIBER S.A.
Specifically, OTE acquired from GEK TERNA S.A. in November 2025 its 100% subsidiary, BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA, which holds 50.1% of TERNA FIBER SA, and today, BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA acquired the remaining 49.9% of TERNA FIBER SA from GRID TELECOM S.A. The transactions received the relevant approvals of the competent State Contracting Authority.
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.
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OTE GROUP INVESTOR RELATIONS
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