Cosmote

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Cosmote
Type Public (ASE: COSMO)
Founded 1998
Headquarters Athens, Greece
Key people Panagis Vourloumis, Chairman
Elias Fotiadis, CFO
Industry Mobile telecommunications
Products Mobile networks, Telecom services, Etc.
Parent OTE
Website www.cosmote.gr

Cosmote is the largest mobile network operator in Greece, headquartered in Athens. Although it began its commercial operations five years after its local competitors, Cosmote changed the status radically and dominated the mobile telecommunications in Greece. It is the only company of its sector in the world, which entered the market third and yet managed to become number one in only 3.5 years.

Cosmote is member of OTE, the national telecommunications provider of Greece and it has more than 5 million costumers in the country with the leading position and also has presence in four other Balkan countries, AMC in Albania, GLOBUL in Bulgaria, Cosmofon in FYROM and Cosmote Romania in Romania. In 2007, the mobile operators' customer base exceeded 12.2 millions, a 38.3% increase from 2006, and is well on target to exceed 15 million customers in 2009.

In addition, Cosmote has expanded its operations in B2B and B2C services. It owns and operates a high capacity 3G and HSDPA network covering 99.6% of the Greek population, 95% of the Greek mainland and islands and 97% of Greece's territorial waters as of December 31, 2005. In 2005, it generated approximately € 1.8 billion in revenues and € 340 million in net profit. Both the company's EBITDA margin (approx. 42%) and net profit margin (approx. 19%) remain consistently among the highest in Europe. Cosmote's operating revenues for 2006 amounted to € 2.382,3 billion and the company's EBITDA stood at € 876.2 million.


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