Diversified Telecommunication Services
Company Overview of Hellenic Telecommunications Organization SA
Hellenic Telecommunications Organization S.A., together with its subsidiaries, provides telecommunications and related services to businesses and individuals in Greece, Albania, Romania, and internationally. It operates through OTE, COSMOTE Group, and TELEKOM ROMANIA segments. The company offers local, long-distance, and international fixed-line voice telephony services; Internet access services; and TV services. It also provides broadband, high-speed data communications, leased lines, consultancy and security, e-commerce, financing, insurance brokerage, retail, marketing, overdue accounts management, wholesale broadband, and infrastructure services. In addition, the company is involved in w...
99 Kifissias Avenue
Athens, 151 24
Founded in 1949
Key Executives for Hellenic Telecommunications Organization SA
Hellenic Telecommunications Organization SA does not have any Key Executives recorded.
Hellenic Telecommunications Organization SA Key Developments
Hellenic Telecommunications Organization SA Announces Board Changes; Approves Dividend Distribution, Payable on July 2, 2015
Jun 12 15
Hellenic Telecommunications Organization SA at its AGM held on June 12, 2015, announced a new eleven-member Board of Directors for a three year term, due to the termination of tenure of the existing Board of Directors, and appointed the independent members of the Board of Directors. Following the conclusion of the Ordinary General Meeting of Shareholders, ???'s Board of Directors formed into a body corporate, pursuant to the article 10 par.1 of the company's Articles of Incorporation as follows: Chairman and CEO - Executive member Mr. Michael Tsamaz, Vice-Chairman - Independent Non-executive member Mr. Konstantinos Christopoulos, Executive member Mr. Charalampos Mazarakis, Non-executive members Mrs. Claudia Nemat and Messers Klaus Müller, Raphael Kübler, Vasileios Kafouros, Athanasios Misdanitis, Panagiotis Skevofylax and Manousos Manousakis, Independent Non-executive member Mr. Panagiotis Tabourlos. Mr. Skevofylax has worked as a consultant in the fields of Strategy and Communications (political and policy analysis, political consulting and coaching, political campaigning, integrated communications planning etc). The General Meeting of Shareholders also appointed as members of the Audit Committee Messers Panagiotis Tabourlos, Konstantinos Christopoulos, Athanasios Misdanitis and Raphael Kübler.
The company also approved the distribution of dividend amounting to €0.08 per share. The ex-dividend date will be June 25, 2015 and the dividend payment date will be July 2, 2015.
Hellenic Telecommunications Organization SA Proposes Amendments to Articles of Incorporation
May 22 15
Hellenic Telecommunications Organization SA at its Ordinary General Meeting to be held on June 12, 2015, proposed amendments to company's Articles of Incorporation.
Hellenic Telecommunications Organization SA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Year 2015
May 13 15
Hellenic Telecommunications Organization SA reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of GBP 940.8 million compared to GBP 963.7 million a year ago. EBITDA was GBP 320.0 million compared to GBP 331.2 million a year ago. Pro forma EBITDA was GBP 326.0 million compared to GBP 333.4 million a year ago. Net income was GBP 40.4 million compared to GBP 55.8 million a year ago. Adj. net operating cash flow was GBP 212.8 million compared to GBP 108.4 million a year ago. Adj. CAPEX was GBP 159.8 million compared to GBP 120.9 million a year ago. Basic EPS was GBP 0.0827 compared to GBP 0.1149 a year ago. Net debt (underlying) as at March 31, 2015 was GBP 1,135.9 million compared to GBP 1,583.7 million a year ago. Profit before income taxes (EBT) was GBP 80.0 million compared to GBP 88.5 million a year ago.
The company reiterate its full year 2015 CapEx guidance of approximately EUR 0.5 billion, similar to last year's. As a result, from a cash burn of EUR 12 million in first quarter of 2014, the company now posted a positive adjusted free cash flow of EUR 53 million. The company also confirms EUR 0.5 billion free cash flow target for the full year 2015.
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