Hellenic Telecommunications Organization S.A.

Regulatory Filings • Mar 27, 2013

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RNS Number : 0171B

Hellenic Telecomms Organization S A

27 March 2013

OTE Group's exposure to the Cypriot Banking Sector

ATHENS, Greece - March 27, 2013 - Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET: HLTOY), the Greek full-service telecommunications provider, announces that following the letter ref. no 1257/27-3-2013 of the Hellenic Capital Market Commission regarding OTE Group's exposure to the Cypriot Banking Sector, OTE informs its shareholders that the Group's deposits in Cyprus Bank, CPB Bank and Hellenic Bank, stand at about €3 mn. A major part of this amount represents collateral for, already issued, letters of guarantee. 

About OTE

OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.

Apart from serving as a full service telecommunications group in the Greek telecoms market, OTE Group has also expanded during the last decade its geographical footprint throughout South East Europe, having acquired a stake in the incumbent telecommunications company of Romania and establishing mobile operations in Albania, Bulgaria and Romania. At present, companies in which OTE Group has an equity interest employ more than 27,000 people in four countries, and our portfolio of solutions ranges from fixed and mobile telephony to Internet applications, satellite, maritime communications and consultancy services.

Listed on the Athens Stock Exchange, the company trades under the ticker HTO. Following OTE's delisting from NYSE, OTE ADSs (American Depositary Shares) trade in the OTC (Over The Counter) market under the ticker HLTOY.

Additional Information is also available on: https://www.ote.gr/web/guest/corporate/ir

Contacts:

OTE:                 Dimitris Tzelepis - Head of Investor Relations

Tel: +30 210 611 1574, Email: dtzelepis@ote.gr 

Maria Kountouri - Assistant to the Head of Investor Relations

Tel: +30 210 611 5381, Email: mkountouri@ote.gr 

Kostas Maselis - Senior Financial Analyst, Investor Relations

Tel: +30 210 611 7593, Email: kmaselis@ote.gr

Sofia Ziavra - Financial Analyst, Investor Relations

Tel: +30 210 611 8190, Email: sziavra@ote.gr

Christina Hadjigeorgiou - Financial Analyst, Investor Relations

Tel: +30 210 611 1428, Email: cchatzigeo@ote.gr

Eftychia Tourna - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7236, Email:etourna@ote.gr

Eleni Agoglossaki - Communications & Regulatory Affairs Officer, Investor Relations                                              Tel: +30 210 611 7880, Email: eagoglossak@ote.gr

Manousos Apostolakis - Communications & Regulatory Affairs Officer, Investor Relations                           

Tel: +30 210 611 6418, Email: mapostolakis@ote.gr

This information is provided by RNS

The company news service from the London Stock Exchange

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