Kostas Nebis has hopefully completed nine months at the helm of OTE Telecoms, and he is likely to have some pleasant surprises in store for shareholders in the coming period.
And this is because one of the main “bets” of his management, which operates in an environment of increased competition, is the future of the subsidiary in Romania, Telekom Romania Mobile, which the Group’s CEO is planning to sell in 2025 – if possible within the first half of the year.
The negotiations, which have been underway since last year, are held with Digi and Vodafone Romania.
If “white smoke” comes out, then the administrative leader of OTE has committed to an extra reward for shareholders, depending on the final amount of the deal. This will probably have a positive impact on the company’s share, which yesterday showed an unexpected dynamic.
For now, however, Kostas Nebis will distribute 298 million euros (0.72 euros/share) as basic dividend for this year, an amount approximately the same as last year (0.71 euros/share), which corresponds to 65% of the estimated free cash flows of 2025.
The Group’s CEO, who has already made a series of changes to the listed company’s organizational chart, placing “fresh” people in key positions, is called upon to continue investments and penetration into advanced technologies in order to maintain its shares in the Greek market. This is because competition in the telecommunications sector has begun to pick up again, with the entry of new “players.”
Kostas Nebis has made clear that his goal is to reach 2.1 million homes and businesses with fiber optic network coverage (FTTH) by the end of 2025, with the new FWA satellite internet service operating as a complement. Cumulatively, the new investments launched by the chairman and CEO of OTE are estimated to reach 610-620 million euros over a 12-month period.
