Hellas Sat acquires licence for Greek DTHMonday, August 3rd, 2009
Contract Of Concession For Subscriber Satellite TV Services Signed
ATHENS — The contract between Hellas Sat – a member of the OTE Group of Companies (ASE: HTO, NYSE: OTE) – and the Hellenic Republic regarding the concession for subscriber satellite TV services was signed on July 31st 2009 by the Minister of Interior Mr. P. Pavlopoulos.
This contract for the provision of subscriber satellite TV services constitutes a milestone in the Greek TV landscape as it is the 2nd in the local market after 10 years.
With this license, OTE Group assumes the right to provide subscriber TV services through its satellite Hellas Sat 2, offering wider choices to the Greek consumer.
It should be noted that the OTE Group has already presence in the Romanian digital satellite TV market with the “Dolce” service, offered by its subsidiary Romtelecom, through its satellite Hellas Sat 2. The number of subscribers of “Dolce” – transmitted throughout Romania – reached almost 750,000 at the first quarter of 2009.
Hellas Sat has a similar co-operation with the successful Bulgarian satellite platform Bulsatcom for the transmission of its TV channels, including high definition TV content.
Today, around 2,500,000 households from the Middle-East and Europe receive satellite TV services through Hellas Sat 2.