OTE Group, also known as Cosmote, is a publicly owned Greek telecommunications company founded in 1949. With a workforce of 5,780 employees, it generated over $1 billion in revenue in 2023. Headquartered in Greece, and a subsidiary of Deutsche Telekom, OTE offers a diverse range of services including fixed-line and mobile telephony, broadband internet, pay-TV, and integrated information and communications technology (ICT) solutions. The company also has interests in maritime communications, real estate, and provides digital services such as electronic transactions and payments (payzy by COSMOTE), online food delivery (BOX), and an insurance comparison and purchase platform (COSMOTE Insurance). OTE's operations extend internationally, notably into the Romanian mobile telecommunications market.

2024 Revenue

Founded

1949

Headcount

5,780

Headquarters

Greece

Primary Segment

Telecoms services

Ownership

Publicly Owned

News Summary:

OTE Group finalized agreements on July 2024 to sell Telekom Romania Mobile Communications for €70 million. Vodafone Group and Digi Romania acquired the assets; Digi paid €40 million for the prepaid business, spectrum rights, and part of the tower portfolio, while Vodafone paid €30 million for the remaining assets. Separately, OTE Group announced a €2.5 billion investment plan since 2019 to support Greece's broadband and 5G infrastructure development. The group also reported improved momentum in Greece in its second-quarter results, with a further announcement of 2025 second-quarter results. Finally, OTE Group partnered with ACDelco to become the sole distributor of ACDelco lubricants in Oman, an agreement celebrated at a partnership event.

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Cosmote / OTE offers 7 products in the media and telecoms services and connectivity and cloud industries. Cosmote / OTE's product portfolio comprises of media and TV services, broadcast television and radio, consumer electronics, enterprise connectivity services and telecoms services.
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Cosmote / OTE's revenues were $3.9B in 2024. Caretta Research has split Cosmote / OTE's revenue into 8 different product categories, the largest of which is mobile services, which represents 29% of Cosmote / OTE's revenue.
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Examples of Cosmote / OTE's suppliers include Google, Infront Sports & Media and Synamedia.

Example Suppliers

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Cosmote / OTE currently holds 60 broadcasting rights for sports competitions including american football, padel and pickleball, motorsports, ice hockey, tennis, volleyball, sports sublicensing, futsal, basketball, soccer | association football, beach soccer and handball.

Example Sports Rights Suppliers

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