Announcement-Completion of UFBB

Summary by AI ^BETAClose X

Hellenic Telecommunications Organization S.A. (OTE) has completed the acquisition of 100% of TERNA FIBER S.A. as part of its Ultra-Fast Broadband Infrastructure project. This follows OTE's November 2025 acquisition of BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA, which held a 50.1% stake in TERNA FIBER SA, and the subsequent acquisition of the remaining 49.9% from GRID TELECOM S.A. by BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA. All necessary state approvals for these transactions have been secured.

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Hellenic Telecomms Organization S A

29 January 2026

Announcement

Athens, January 29, 2026 - Hellenic Telecommunications Organization S.A, ("OTE"), announces that, following the announcement on November 6, 2025 regarding the "Ultra-Fast Broadband Infrastructure" (UFBB) project, today acquired 100% of TERNA FIBER S.A.

Specifically, OTE acquired from GEK TERNA S.A. in November 2025 its 100% subsidiary, BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA, which holds 50.1% of TERNA FIBER SA, and today, BROADBAND INFRASTRUCTURE DEVELOPMENT PROJECTS SA acquired the remaining 49.9% of TERNA FIBER SA from GRID TELECOM S.A. The transactions received the relevant approvals of the competent State Contracting Authority.

The announcement is issued as Regulated Information in accordance with the provisions of Law 3556/2007 [article 3, par. 1 (p), and article 21] and Regulation 596/2014 (article 17) of the European Parliament and of the Council on the abuse of the market.

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

E-mail: iroffice@ote.gr

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