“The mobile communications sector continues raising its investments in Greece,” George Stephanopoulos, general manager of the Greek Mobile Operators Association said on Thursday, addressing an Infocom conference.
“Investments in the first half of the year grew by 33.4 pct compared with the same period last year, despite an adverse environment, which is partly balanced by higher productivity and continuous improvement of domestic operations which surpassed 187 million euros,” Stephanopoulos said.
He said that the sector was investing 21 pct of revenue from services and 54 pct of EBITDA on average in the last four quarters. The sector is also creating modern infrastructure to support digital growth. The 4G networks are maturing, while 5G networks were currently planned with the aim to be ready by 2025. “The transformation of the economy requires a partnership model of economic operation,” Stephanopoulos said, adding that modernization in mobile and fixed telephony networks should move together with modernization in energy, natural gas and water networks.
“Investments on new generation networks contribute to an increase in GDP and of public revenue (+2.2 pct GDP growth or 4.49 billion euros and +2.06 billion euros raise in public revenue by 2020).