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  • Hellenic Telecomms UK Regulatory Announcement

    Business Wire (press release), CA
    June 28 2004

    Hellenic Telecomms UK Regulatory Announcement: Statement Re Joint
    Press Announcement by the Government of the Republic of Armenia,
    Hellenic Telecommunications Organization and Armenia Telephone
    Company - ARMENTEL

    ATHENS, Greece--(BUSINESS WIRE)--


    The Government of the Republic of Armenia, Hellenic
    Telecommunications
    Organization SA (NYSE:OTE) (ASE:HTO) and Armenia Telephone Company
    (ARMENTEL), jointly announce the commencement of negotiations with a
    view to settling all outstanding disputes between the parties. The
    Government of the Republic of Armenia has made a decision to suspend
    the amendment of License No. 60 issued to Armentel, until 21
    September
    2004 to facilitate the conduct of the negotiations.

    About OTE

    OTE is a provider of public, fixed switch domestic and international
    telephony services in Greece. With local, long distance and
    international communications services in addition to mobile
    telephony,
    Internet services, and high-speed data communications, OTE provides
    consumers and businesses the ability to communicate globally through
    its extensive network infrastructure. In addition, OTE has a number
    of
    International investments in the South East European region and
    addresses a potential customer base of 60 million people.

    Listed on the Athens Stock Exchange, the company trades under the
    ticker HTO as well as on the New York Stock Exchange under the ticker
    OTE. In the U.S., OTE's American Depository Receipts (ADR's)
    represents 1/2 ordinary share.

    Additional Information is also available on http://www.ote.gr.
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