Deutsche Telekom to invest 2 bln euros in Greece over 4 years, DT’s CEO tells PM

Deutsche Telekom intends to invest two billion euros on developing an optic-fibre network and 5G in Greece over the next four years, the telecoms company’s CEO Timotheus Höttges informed Prime Minister Alexis Tsipras on Thursday, during their meeting at the Maximos Mansion in Athens.

In tweets on his ‘Prime Minister GR’ account, Tsipras hailed the investment as a “vote of confidence in the Greek economy and an important step in its transformation” while noting that it will provide one million households with internet connection speeds of 1 Gigabit per second (1 Gbps).

The meeting was also attended by Digital Policy and Media Minister Nikos Pappas.

Deutsche Telekom is the majority shareholder in Greece’s formerly state-owned telecoms group, the Hellenic Telecommunications Organisation (OTE).