OTE Chairman and CEO Mr. Kostas Nembis spoke about the transition of the COSMOTE TELEKOM brand to TELEKOM during the Group’s Annual General Meeting of Shareholders.
“In 2025, we joined forces with COSMOTE and TELEKOM, the world’s leading telecommunications brand. This year, we will take it a step further by evolving our brand from COSMOTE TELEKOM to TELEKOM. The transition to the TELEKOM brand is a natural evolution that repositions our brand as an international superbrand. Our goal is to further strengthen our differentiation and leadership by leveraging the momentum of the #1 global telecommunications brand and one of the world’s leading brands across all sectors, while simultaneously consolidating our position as a member of a strong, global Group with significant economies of scale,” commented Mr. Nebis.
Mr. Nebis recalled that in 2025 the divestment of the Group’s operations in Romania was completed, a move that, according to him, allows OTE to focus on domestic growth and continue to create further value for its shareholders, as the operations there were loss-making.
“This milestone contributed to a significant strengthening of annual cash flows and allowed us to return an extraordinary dividend to our shareholders in 2025. At the same time, it laid the groundwork for further strengthening our financial performance in 2026. This year, we presented our new shareholder remuneration policy with the aim of enhancing transparency and flexibility,” he commented.
In this context, the General Meeting approved a 22% increase in the dividend and a 16% increase in the share buyback program.
“The total return to shareholders approaches 100% of cash flow, confirming our steadfast commitment to value creation, amounting to €532 million. This translates to a total return of approximately 7–8%,” noted Mr. Nebis.
“Taking into account the company’s treasury shares, the dividend per share to be distributed in the coming days will exceed €0.9, while our share price has risen by approximately 8% since the beginning of the year,” he added.
The Chairman and CEO of OTE noted that in 2025, the group recorded a 4% increase in revenue, while EBITDA rose by 2%.
“This year we are aiming even higher, at 3%, building on the positive momentum of our core businesses, both in fixed and mobile,” he emphasized.
During the general meeting, all items on the agenda were approved, including the Amendment to Article 1 (Name) of the Company’s Articles of Association.
The official legal name remains “HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.,” but the distinctive titles “Hellenic Telekom,” “Telekom Greece,” “Telekom of Greece,” and “Telekom of Greece” are added.