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2014
OTEGLOBE presents 6% increase in Revenues in 2013
OTEGLOBE recorded growth according to its 2013 financial results, despite the unstable macroeconomic environment in Greece and the other regions that the company operates.
OTEGLOBE’s revenues reached € 282,2 mn presenting an increase of 6% from 2012. Since 2007, the company has increased its revenues by 70% (from €165,1 mn in 2007 to €282,2 mn in 2013), by recording a year-to-year revenues increase. The 80% of the 2013 total revenues comes from international customers.
OTEGLOBE participates at the “all-stars” consortium to construct the fastest new Asia Africa Europe Cable System (AAE-1)
Seventeen of the world’s most prominent telecom service providers, among them OTEGLOBE, are joining force to construct a new and unique high capacity cable system, 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 and providing an alternative low latency route between Far East and Europe. Its completion will provide additional protection and diversity to the existing heavily congested cable systems.