Press Releases

Nov
05
2018
OTEGLOBE: Best Eastern European/CIS Wholesale Carrier at the GCA 2018

OTEGLOBE won for the second time the Best Eastern European/CIS Wholesale Carrier award at the Global Carrier Awards 2018 that took place in London on Wednesday, 24 October. This award is an acknowledgement of OTEGLOBE’s thoroughly planned and executed strategy, which lead to the company’s continuous growth over the past 12 years.

Being the only carrier that reaches Western Europe through Greece, over a fully mesh optical backbone network of more than four diverse terrestrial routes crossing Italy and the Balkan region, OTEGLOBE operates the most robust, resilient, protected and extensive network in Southeast Europe.

At the same time, by investing to become a full member and landing party in Asia-Africa-Europe–1 (AAE-1), the biggest intercontinental submarine cable system to connect Asia, Middle East and Africa to Europe, OTEGLOBE is also extending its network and service reach to the booming markets of Asia and Africa.

As a result, by combining a resilient subsea route with a diverse terrestrial network, OTEGLOBE offers to the market a completely new, alternative path for connecting Europe to Asia through Greece and emerges as a reliable hub in the Mediterranean basin. Traffic from Asia is routed through AAE-1 new subsea cable to OTEGLOBE’s landing station at Chania, and from then on through OTEGLOBE’s diverse and protected terrestrial network to Europe, ensuring resilience and diversity in the region.

“It is a true honor to be awarded for one more year as the Best Eastern European/CIS Wholesale Carrier” said Dino Andreou, CEO of OTEGLOBE. “As a reliable hub in the Mediterranean basin for connecting Europe to the world, OTEGLOBE will continue to design and offer top-class quality services & solutions which respond to the constantly increasing needs of the international wholesale market, while adding value to our partners”.

“We congratulate OTEGLOBE on winning Best Eastern European / CIS Wholesale Carrier, which underscores the high benchmark the company has achieved in the carrier space,” said Rosalind Irving, CEO of Capacity Media. The judges said that “this carrier incorporates the latest technical innovations, such as 100G technology and IPX, and is the landing party to one of the biggest intercontinental subsea cable systems, which was set in full commercial operation at the end of last year. This carrier is also extending its network and service reach to the booming markets of Asia and Africa”.

About Global Carrier Awards

Over the past 14 years, the Global Carrier Awards has become the biggest and most prestigious awards event in the carrier community. This year’s event was attended by 400 senior-level executives, celebrating the highs in the global wholesale industry with an evening of fine dining and entertainment. With record number of over 246 entries submitted for this year's awards, all categories were judged by an independent panel of telecoms analysts, industry experts and the senior editorial team of Capacity Media. More information on http://www.capacitymedia.com/Global-Carrier-Awards

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Mar
12
2018
15% EBITDA increase for OTEGLOBE in 2017

High performance was recorded by OTEGLOBE, according to its 2017 financial results.

The company’s revenues remained high in 2017, reaching €333,5 mn and recording a slight decrease of 2% from 2016. The impact of the price decrease in international wholesale on OTEGLOBE’s revenues, was counterbalanced by the revenue increase in international capacity services, which was a result of the company’s previous years’ investments and the maintenance of high revenues in international voice services.

Since 2007, OTEGLOBE has increased its revenue by 102% (from €165,1 mn to €333,5 mn) where 80% of 2017 revenues comes from international customers.

In 2017 OTEGLOBE recorded a significant 15% increase in EBIDTA, reaching €18,5 mn from €16,1 mn in 2016, while the EBITDA margin increased to 5,5% from 4,7% in 2016.

By capitalizing on Greece’s geographic advantage, OTEGLOBE has already implemented its expanding strategy in the new markets of M. East and N. Africa, through investments and partnerships with major carriers.

In this context, the new next generation international submarine cable Asia-Africa-Europe-1 (ΑΑΕ-1) was set in full commercial operation in December 2017. AAE-1 is a consortium of 19 of the world’s most prominent telecom service providers, among which OTEGLOBE and one of the largest and unique high capacity cable system of the world. The new cable spanning approximately 25,000 km is one of the first unique cable systems connecting Hong Kong, Singapore, Middle East, Africa and Europe, providing an alternative low latency route between Far East and Europe. Major part of this traffic already passes through Greece and the Chania cable station, with the economic benefits of its operation to be recorded in 2017, while they are expected to increase significantly in the future.

At the same time, in 2017 OTEGLOBE redesigned and upgraded its European backbone network, with the addition of thousands kilometers of fiber in Europe. The new network includes 21.000 km privately owned fiber and runs through 15 countries, connecting to major data centers such as London, Frankfurt, Paris, Milan, Marseille, as well as the Balkans. The company actually transformed and redesigned its backbone network (two fully protected, terrestrial fiber networks TBN & GWEN, stretching from Greece to W. Europe through the Balkans and Italy accordingly) to a unified, optical multi-terabit network of mesh architecture stretching from Greece to W. Europe.

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Nov
07
2017
Best European Project at the Global Carrier Awards for OTEGLOBE's New European Network

OTEGLOBE won the Best European Project award at the Global Carrier Awards 2017 that took place in London on Wednesday, 25 October.

This award was given to OTEGLOBE for the re-design and transformation of its backbone network with the acquisition of thousands of km of new dark fiber routes across Europe.

Till now the company operated two fully protected, optical, terrestrial backbone networks, namely TBN & GWEN stretching from Greece to W. Europe through the Balkans and Italy respectively.

In order to offer its clientele advanced telecommunication services and cope with the ever increasing bandwidth demands in its region, OTEGLOBE decided to re-design and transform its backbone networks to a unified, optical multi-terabit network of mesh architecture, extending from S.E. Europe to W. Europe.

OTEGLOBE’s redesigned backbone consists of 4+ diverse fiber routes between Greece and the Balkans to Italy and W. Europe (total of 21,000 km of acquired fiber), offering unparalleled, seamless connectivity options in the region.

Moreover with its participation in the new, intercontinental AAE-1 cable, OTEGLOBE now offers to the market a completely new, alternative path for connecting Europe to Asia through Greece and emerges as a reliable hub in the Mediterranean basin. Traffic from Asia is routed through AAE-1 new subsea cable to OTEGLOBE’s landing station at Chania, and from then on through OTEGLOBE’s diverse and protected terrestrial network to Europe, ensuring resilience and diversity in the region.

About Global Carrier Awards

Over the past 13 years, the Global Carrier Awards has become the biggest and most prestigious awards event in the carrier community. This year’s event was attended by 400 senior-level executives, celebrating the highs in the global wholesale industry with an evening of fine dining and entertainment.

With record number of over 225 entries submitted for this year's awards, all categories were judged by an independent panel of telecoms analysts, industry experts and the senior editorial team of Capacity Media.
More information on http://www.capacitymedia.com/Global-Carrier-Awards

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May
18
2017
HGC and OTEGLOBE join forces on a unique Asia-Europe Connectivity Solution

An agreement between OTEGLOBE and Hutchison Global Communications Limited (HGC), the fixed-line arm of Hutchison Telecommunications Hong Kong Holdings Limited, was signed on 15 May 2017 in Chicago, during the “International Telecoms Week” Meeting.

HGC and OTEGLOBE join forces to provide a world-class connectivity solution via both companies’ extensive networks and data services, including HGC’s and OTEGLOBE’s unique backbones in Asia and Europe respectively as well as the new Asia-Africa-Europe-1 (AAE-1) cable, where OTEGLOBE is a founding member and landing party. The two companies’ networks have been interconnected at OTEGLOBE’s points of presence (PoPs) in Frankfurt and HGC’s PoPs in Singapore, while other landing PoPs in other major Asian cities including Hong Kong will be added in the future.

OTEGLOBE’s connectivity solution consists a unique path for connecting Europe to Asia that is not found in other cable systems, as it combines a resilient subsea route from Asia to Europe (AAE-1), an alternative Mediterranean gateway to Europe through Chania landing station in Greece and OTEGLOBE’s diverse and protected European terrestrial network.

The AAE-1 submarine cable, expected to go live in the second quarter of 2017, will be one of the first unique cable systems to connect Hong Kong, Singapore, the Middle East, Africa and Europe, providing an alternative low latency route between the Far East and Europe. At the same time, OTEGLOBE is the only carrier that reaches Western Europe through Greece with two fully owned, geographically diverse networks - the Greek Western European Network (GWEN) and the TransBalkan Network (TBN), while it operates a private IP network with presence in main telecoms hubs in Europe.

As a carriers’ carrier and full-fledged telecoms service provider, HGC serves carriers, enterprises, as well as OTT providers with strong global network services that support sophisticated applications. The provisioning of AAE-1 connectivity service will provide customers with an alternative route to Europe via HGC’s diverse and resilient network. With the new cable launch, HGC will become an international gateway for Asian companies to exchange traffic with the rest of the world and extend service coverage.

The new connectivity solution between HGC and OTEGLOBE will enable HGC to offer customers a unique, diverse, resilient, and low latency end-to-end solution through a reliable partner with strong presence in Europe. Such connectivity solution will help HGC’s customers further extend their service coverage to Asia regions, including the fast growing Greater Mekong Subregion, and further demonstrate HGC’s position as a one-stop IT and telecoms solution provider.

OTEGLOBE, on the other hand by partnering with HGC, a well-established and reliable carrier with extensive footprint and strong presence in Asia, capitalizes on its investment in the AAE-1 cable while it implements its expansion strategy plans in the region and further penetrates the blooming Asian markets.

“At OTEGLOBE we have designed a resilient end-to-end network solution, that consists a unique path and a serious proposal for the connection between Asia and Europe,” said OTEGLOBE CEO Dino Andreou. “This connectivity proposal is the core of our expansion plans to Asia and it is an honor that a leading carrier like HGC identifies this opportunity and trusts us with this agreement.”

Andrew Kwok, President of International and Carrier Business at Hutchison Telecommunications (Hong Kong) Limited, said: “The collaboration with OTEGLOBE on the new AAE1 subsea cable enables HGC customers to enjoy comprehensive one-stop IT and telecoms solutions in Asia and Europe along a new, low-latency and diverse path in the Eurasia corridor. OTEGLOBE and HGC are well-known and established carriers in our respective markets. By joining forces on a solution, we have further strengthened each other’s position in the international wholesale telecom business.”

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Mar
16
2017
OTEGLOBE continues to record growth in 2016

OTEGLOBE records growth once again, according to its 2016 financial results.

OTEGLOBE’s revenues reached €340,8 mn presenting an increase of 8% compared to 2015. Since 2007, the company has increased its revenues by 106% (from €165,1 mn to €340,8 mn), by recording a year-to-year revenues’ increase. It should be noted that 80% of the 2016 total revenues come from international customers.

OTEGLOBE recorded an increase of profits before income tax by 6%, standing at €8,3 mn in 2016 from €7,8 mn in 2015, while the cash and cash equivalents remained at high levels at €95,5 mn in 2016 from €97,1 mn in 2015, despite the new investments. This is mainly a result of the company’s operational profitability and of more efficient working capital management.

EBITDA reached €16,1 mn in 2016, presenting a small decrease compared to 2015 (€17,2 mn). This is mainly due to the increasing competition and the corresponding price erosion, both in voice services (decrease in termination rates in Greece and Europe) and data services, in the markets that OTEGLOBE mainly operates (Greece and S.E. Europe). Major drawback was also the delay or postponement of business plans in the broader Middle East and Northern Africa markets, due to the uncertainty and political instability in various countries.

By capitalizing on Greece’s geographic advantage, OTEGLOBE has already implemented its expanding strategy in the new markets of M. East and N. Africa, through investments and partnerships with major carriers.

In this context, in January 2014, 19 of the world’s most prominent telecom service providers, among them OTEGLOBE, joined forces to construct the new next generation international submarine cable, one of the largest and unique high capacity cable system of the world, the Asia Africa Europe-1 (AAE-1).

The AAE-1 submarine cable spanning approximately 25,000 km, will be one of the first unique cable systems connecting Hong Kong, Singapore, Middle East, Africa and Europe, providing an alternative low latency route between Far East and Europe. Major part of this traffic, will pass through Greece and the Chania cable station.

The financial statements of OTEGLOBE for 2016 can be found at www.oteglobe.gr

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