PPC S.A. — M&A Activity 2026

Jun 10, 2026

PPC

Announcement - Regulated Information

June 10, 2026

PPC and Vodafone Greece explore joining forces in fibre optics

PPC S.A. ("PPC") announces the signing of a non-binding term sheet with Vodafone Greece outlining the key principles for the creation of a potential 50:50 joint venture, to be formed through the merger of their respective subsidiaries PPC FiberGrid (a wholly owned subsidiary of PPC) and Fiber2All (a wholly owned subsidiary of Vodafone Greece). The new company will operate in the wholesale provision of fibre-to-the-home (FTTH) network services in Greece.

The signing of the non-binding term sheet marks the beginning of the process for the detailed design and completion of the transaction. The next steps include the completion of the necessary due diligence by both parties, the signing of binding agreements and the receipt of all required approvals from the competent authorities.

The new company will operate exclusively as a wholesale provider, offering its services to all telecommunications operators in the market, on a fully neutral basis.

PPC FiberGrid's 100% fiber-to-the-home (FTTH) network has now reached 1.88 million households (homes passed), of which more than 1.1 million are already available for immediate connection (ready for service). Vodafone Greece's FTTH network currently covers more than 550,000 households.

For further information please contact:

Investor Relations Division
30, Chalkokondyli str., 104 32 Athens
T: 210 529 2153
210 529 3665
210 529 3207
ir@ppcgroup.com

The announcement may be accessed on the website of Public Power Corporation S.A. (www.ppcgroup.com) at the "Investors Relations" section.