OTE to pay 0.558 euro per share dividend to shareholders

A Hellenic Telecommunications Organization (OTE) general shareholders’ meeting on Wednesday approved a board plan to pay a 0.558 euro per share dividend to shareholders.

Addressing the meeting, Michalis Tsamaz, OTE’s chairman and CEO, said that the country needed top digital infrastructure to ensure its long-term recovery.

“We are determined to continue playing a leading role in developing future networks, creating an environment in which digital economy will develop,” he said. Tsamaz added that change has become a new reality in the last few years and noted that OTE was now more ready than ever before to respond to new challenges and remain on the track of growth.

OTE has brought the FTTH network to 560,000 households in Greece, with the goal of reach 1.0 million by the end of 2022 and 3 million by 2027, while the company has pledged to invest more than 3 billion euros in a six-year period, Tsamaz said.