OTE Group (RomTelecom) 2008 First Quarter Results

ATHENS, Greece — Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, today announced unaudited consolidated results (prepared under IFRS) for the quarter ended March 31, 2008.

RomTelecom

OTE, through its wholly owned subsidiary OTE International Investments Ltd, holds a 54.01% interest in RomTelecom S.A., the incumbent telecommunications operator in Romania.

The direct-to-home TV service launched by RomTelecom in late 2006 once again recorded successful take-up, attracting 94,000 new subscribers in Q1’08 to reach a total subscriber base of 484,000 at the end of the period. Due to growth in demand for ADSL and DTH TV, revenues from the sale of Customer Premise Equipment (CPE) increased by 77% in Q1’08.

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