Cosmote
 |
|
| S.A. | |
| Industry | Telecommunications |
| Founded | 1998 |
| Headquarters | Athens, Greece |
|
Area served
|
Europe |
|
Key people
|
Michael Tsamaz (Chairman & CEO) |
| Revenue |
 €1.947 billion (2015)
|
|
€1.145 billion (2015)
|
|
|
€387.80 million (2015)
|
|
| Total assets |
€1.770 billion (2015)
|
| Total equity |
€934 million (2016)
|
| Owner | OTE (100%) |
|
Number of employees
|
2.200 (2015)
|
| Website | www.cosmote.gr |
Cosmote is the largest mobile network operator in Greece. The company is headquartered in Athens and is a fully owned subsidiary of the Hellenic Telecommunications Organization (OTE), the incumbent telecommunications provider in Greece. Cosmote has developed business operations in two other SE Europe countries through subsidiaries: Telekom Albania and Magyar Telekom, addressing an extended market of 45 million people. In all three countries Cosmote counts approximately 35.6 million customers.
In September 2015, the parent company OTE announced they are to adopt the Cosmote brand as their a uniform commercial brand covering fixed, broadband and mobile telephony. At this time, the company have chosen not to adopt the Deutsche Telekom brand under which name it operates in its Central and Eastern European operations.
On Monday 26 October, the new logo was launched.
Cosmote launched commercial operations in Greece in April 1998 and reached 1 million subscribers a year later. In 2000, the company was listed in the . In 2001, Cosmote reached a customer base of 2.5 million becoming the largest mobile network operator in Greece.
In 2006, Cosmote acquired 99% of Germanos SA, a multinational chain of retail electronic goods vendors. During the same year Cosmote was listed among the top performers in the technology industry worldwide according to BusinessWeek's Information Technology 100 rankings, being the only Greek company in the list.
In February 2007, Cosmote launched broadband Internet (ADSL) and mobile telephony services bundles for the first time in the Greek market. In November of the same year, OTE submitted a voluntary tender offer to acquire the remaining shares of Cosmote. Cosmote shares ceased trading on 1 April 2008, almost eight years after the company's launch in the .
In 2008, Cosmote signed an agreement with Telekom Slovenije for the transfer of 100% of the former's participation in both COSMOFON and Germanos in the Former Yugoslav Republic of Macedonia.
In 2010, Cosmote upgraded its network, introducing speeds up to 42.2Mbit/s downlink & 5.8Mbit/s uplink and announced LTE trials on a pilot base.
In September 2011, Cosmote's 3G network population coverage exceeded 98%. In November of the same year Cosmote renewed its current licence in the 900 MHz band and secured additional spectrum in the 900 & 1800 MHz bands in the auction conducted by the Hellenic Telecommunications and Post Commission (EETT).
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Wikipedia