Greece's telecoms market has undergone some very tough economic conditions in recent years, leading to lower sector revenue and investment. Operators across the board have seen gross profits tumble year after year, and the continuing economic turmoil will make market conditions particularly tough during the next few years. This will likely lead to a degree of musical-chairs among the smaller players, with some unable to compete and so exiting the market, while others may become subject to take-overs. The dominant player OTE has experienced significant challenges, but is supported by the organisational ability and financial clout of its parent Deutsche Telekom. Despite market liberalisation, OTE continues to dominate all sectors in the market.
The telecom regulator EETT has shown increasing success in promoting competition, with local loop unbundling well utilised to deliver competing fixed-line services. Promoting competition has become one of the EC's conditions for Greece's financial bailout. This report introduces the key aspects of the Greek fixed-line telecoms, wholesale and IT market, outlining the regulatory environment, major players and providing relevant operational data and financial statistics on both the operators and the market.
Greece's default to IMF creating financial mayhem for all economic sectors; government pledges commitment to open source technologies; EIT increases stake in ForthNet to 44.02%; economic crisis continues to affect telecoms revenue and investment; deregulation of the retail market for fixed-line calls; regulator reduces prices for handling NP requests; Vestitel builds second fibre-optic link between Greece and Bulgaria; OTE signs three-year wage deal in bid to save cash; regulator's 2012 market review; telcos' operating and financial data; recent market developments.