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Deutsche Telekom: New vote of confidence in Greece

The announcement of another large investment by Deutsche Telekom, the main shareholder of OTE, a few days ago, came to reaffirm the confidence of the global telecommunications giant in the country. This is the Telekom IT hub, the new IT and Software center of Deutsche Telekom in the center of Thessaloniki.

The company had declared its faith in Greece’s development prospects already last December, during the visit of the company’s CEO, Tim Höttges, to the Prime Minister.

Together with the President and CEO of OTE Group, Michalis Chamaz, they announced to the political leadership the investment plan of more than 3 billion euros, which will bring optical fiber to the home (FTTH) to 2/3 of the country by 2027. Just two months later, Mr. Höttges was in Greece, and attended fiber optic network installation projects in the area of ​​Metamorfosi.

DT’s new big investment

The IT hub, which will bear the trade name “T-Digital”, highlights the co-capital as a technological hub, while strengthening the technological profile of the country.

“We chose Greece for the establishment of the new Telekom IT hub because, as Deutsche Telekom, we believe in the development prospects of the country, and in the high level and training of its human resources” commented Peter Leukert, Deutsche Telekom Group CIO and CEO of Telekom IT.

On the occasion of the start of its operation, the facilities of the hub were visited by the Minister of Digital Governance, Mr. Kyriakos Pierrakakis, where he was given a tour by Mr. Leukert, and the President and CEO of the OTE Group, Michalis Tsamaz. During the tour, Mr. Pierrakakis spoke with the IT Experts who are already working in the area, while he commented on the importance of the hub for the country, notably noting “The center develops software for Germany and for other countries in the world. I think it is capital that Greece enters a world technological map. It is extremely important that our country runs with steps, which in the past did not seem possible and now seem completely self-evident”.

Michalis Tsamaz also spoke about the importance of the investment by Deutsche Telekom, a key shareholder of the OTE Group, who stated that “this investment makes Thessaloniki a technology center, creating value, not only for the local community, but also for the country”.

It is worth noting that the contribution of the Ministry of Immigration and Asylum was very important for the implementation of the investment, as it accelerated the procedures for the establishment and establishment of the company in Greece and facilitated the immediate transfer and relocation of the IT Experts, ensuring the residence permit.

A total of 500 executives and IT Experts will work at the Telekom IT hub. More than 200 IT professionals will be recruited in Greece for its comprehensive staffing. In 2023, all employees will settle in a renovated, state-of-the-art and environmentally friendly building of the OTE Group in the center of Thessaloniki.

The visit to the Prime Minister and the landmark announcement

The creation of the Telekom IT hub is implemented a few months after the visit of the CEO of Deutsche Telekom, Tim Höttges and the President and CEO of the OTE Group, Michalis Chamaz, to the Prime Minister. During the visit, the investment plan of more than 3 billion euros was announced, which will build the digital future of Greece, bringing optical fiber to 3 million homes and businesses.

By carrying out this hugely important project, OTE Group will cover approximately 2/3 of Greece’s fiber-to-the-home lines, answering current and future needs and creating new perspectives for digital development. A project that will decisively change the country’s digital infrastructure for decades to come and lead it to the Gigabit Society.

Following the announcement of this strategic plan, Deutsche Telekom’s commitment to the vision for the digital transformation of the country was confirmed in practice, through a visit by Mr. Höttges, to FTTH installation projects in Greece.

The coverage of the country with FTTH is a game changer for Greece, a move that changes the data, creating the foundations for sustainable development.

State-of-the-art fiber optic networks are a prerequisite for the digital transformation of the country, society and businesses, with an undeniable positive effect on the economy, society and the environment. The network infrastructures are a decisive factor for the flourishing and extroversion of businesses, but also for the attraction of investments, which in turn will contribute to the creation of new jobs. It is also a prerequisite for the attraction of digital nomads, a dynamic trend that emerged during the pandemic, but also for the brain-regain that the country so needs. And everyday life will change radically, as with FTTH education, health services and entertainment are being upgraded.

Deutsche Telekom – Global power with presence in 50 countries

Deutsche Telekom is one of the world’s leading telecommunications companies. It has a presence in more than 50 countries, over 226,000 employees and revenues of 101 billion euros (in 2020). Deutsche Telekom’s US subsidiary, T-Mobile US, is the second largest mobile operator in the US market, with a customer base of over 100 million.

With a value of 60.169 billion dollars, the T brand is included in the list of the top 20 most valuable brands worldwide, according to the “Brand Finance Global 500, 2022” report, while it is also No. 2 in the world, in the telecommunications industry.

Source: AMPE

Source: Capital

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