OTE Group launches 5G services in Greece

ATHENS, Dec 17 (Reuters) - OTE Group, Greece’s biggest telecom operator, has launched 5G services in Athens and other big cities, it said on Thursday.

OTE, which is 46% owned and managed by Deutsche Telekom , said that its mobile business, COSMOTE, was the first to provide its subscribers with 5G offerings in Athens, Thessaloniki and other cities with speed exceeding 1Gbps.

The announcement came a day after Greece auctioned 5G mobile frequencies for a total of 372 million euros.

OTE, which has teamed up with Ericsson to build 5G infrastructure, said that it used frequencies that are already licensed and that it will soon offer 5G services in more regions across Greece.

The group said that 5G coverage will exceed 50% by the end of 2021 and that it has signed agreements with other networks outside Greece to secure 5G roaming for its subscribers in some EU countries.

OTE has said it plans to spend 2 billion euros in next-generation and fiber-to-home networks in four years. (Reporting by Angeliki Koutantou; Editing by Kirsten Donovan)