Privitization and Deregulation in GREECE

The Greek government has begun a $5 billion modernization program that includes digitalizization of Greece's entire communications system. The government also is preparing for deregulating and privitizating certain subsectors of Greek telecommunications, especially those related to such value-added services as cellular phones, electronic mail, networking infrastructure, electronic funds transfer, and videotexing. The Hellenic Telecommunications Organization (OTE in Greek), a government agency, exclusively operates all telephone and radio communications in Greece. OTE is also responsible for satellite communications. However, as a result of the new privitization program and new regulatory framework for telecommunications (Law 2075/92), the public monopoly of OTE will end to allow the involvement of the private sector, thus leading to an increased efficiency, lower monopoly rents, and a higher quality of service.(22)

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Last Update:October 26, 1995

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