The Importance of Digital Transformation for Economic Development
The enhancement of digital transformation in the country is undoubtedly a guarantee for the development of economic activity and society. As digitalization progresses, the daily lives of citizens improve, and even small and medium-sized, local businesses can now expand and become global. In the process of digital transformation, the driving force is the ultra-modern networks that will meet the needs of the next decades with Gigabit speeds.
Recognizing the importance of digitalization, COSMOTE, a leading telecommunications company, is investing in cutting-edge technologies to support the digital transformation of the country. By providing high-speed internet connections and innovative solutions, COSMOTE aims to enable businesses and individuals to thrive in the digital era, contributing to the overall growth of the economy and society.
The leading technology company in the country
One of the top technology companies in the country is developing infrastructure that boosts the Greek economy and creates growth prospects, steadily building the future of a connected Greece.
Investment plan exceeding €3 billion by 2027
It is worth noting that COSMOTE, a member of the Telekom Group, is the largest investor in next-generation networks and modern technological infrastructure, with investments exceeding €5 billion over the past decade.
At the moment, an investment plan exceeding €3 billion is underway until 2027. Through a comprehensive strategy, the company is aiming to enhance connectivity and technological advancements in Greece, leading the way for a more innovative future.
Expanding Fiber To The Home Infrastructure in Greece
COSMOTE, the leading telecommunications company in Greece, is aiming to cover approximately two-thirds of the country’s lines with fiber optic technology. This is the largest investment in telecommunications infrastructure in Greece in decades.
It is noteworthy that COSMOTE has already constructed over 80% of the country’s FTTH lines. As part of its investment plan, the company is aggressively expanding its Fiber To The Home infrastructure and plans to extend it to an additional 32 municipalities across the country by 2024.
Expanding Fiber Optic Network Access in Greece
New households and businesses in various municipalities across Greece will now have access to high-speed internet through the COSMOTE Fiber network expansion. This initiative is set to benefit communities in regions such as Attica, Boeotia, Corfu, Rodopi, Corinth, Rethymno, Xanthi, Dodecanese, Trikala, Lasithi, Aetolia-Acarnania, and Evia.
By investing in FTTH technology, COSMOTE aims to provide reliable and fast internet connectivity to residents and businesses in these areas. This expansion is a significant step towards bridging the digital divide and promoting economic growth and development in these regions.
Expanding Fiber Optic Network in Greece
In recent years, several municipalities in Greece have been investing in expanding their fiber optic networks to provide high-speed internet access to residents and businesses. Some of the municipalities that have already implemented this technology include Kalamaria, Thermi, Pylaias-Chortiatis, Pavlos Melas, Delta, Argos, Aegio, Grevena, Naousa, Karditsa, Kilkis, and Giannitsa and Edessa in Pella.
Over 3.27 Million Users Connected
Currently, over 3.27 million individuals and businesses across Greece have access to Fiber-to-the-Home (FTTH) technology through COSMOTE Fiber, a leading provider in the country.
Revolutionizing Internet Speeds
COSMOTE Fiber is now offering speeds of up to 10Gbps, revolutionizing internet connectivity in Greece. This marks a significant milestone in the country’s efforts to enhance its digital infrastructure and improve connectivity for all its citizens.
Investing in High-Speed Internet Infrastructure
COSMOTE is making significant investments in upgrading its network infrastructure in over 150 municipalities. Recently, they have implemented a pilot project in selected areas of Attica, such as Chalandri, Marousi, Nea Psychiko, Palio Psychiko, Filothei, Holargos, and Papagou, where users can now enjoy internet speeds of up to 10Gbps through optical fibers. This is ten times faster than commercially available speeds.
Ongoing UFBB Project
By significantly contributing to the digital upgrade of the country, COSMOTE is expanding its FTTH infrastructure to semi-urban and rural areas as well. This initiative is aimed at bridging the digital divide and providing high-speed internet access to all regions of the country.
Ultra-Fast Broadband Infrastructure Project
Following the signing of the Partnership Agreement with the Ministry of Digital Governance for the “Ultra-Fast Broadband Infrastructure” project, significant progress has been made. Upon completion, 350,000 households and businesses will have access to ultra-fast internet speeds. The construction of the network has already begun, with work currently underway in various regions across the country, including Drama, Messinia, Corinthia, Evia, Chania, and Attica.
This project represents a major investment by COSMOTE in the development of the country’s network infrastructure, totaling a significant amount. The goal is to provide high-speed internet access to a large number of users, improving connectivity and contributing to the overall digital transformation of the country.
Investments in Digital Transformation and Rural Development
COSMOTE is advancing its investments in mobile networks, aiming to provide subscribers with top-notch connectivity wherever they are. In this direction, COSMOTE is developing the COSMOTE 5G network, which is the largest 5th generation network in the country.
Funding from the European Regional Development Fund
A total of 375 million euros will be invested, with 130 million euros covered by the European Regional Development Fund (ERDF) as part of the “Digital Transformation” 2021-2027 and “Rural Development Program” 2014-2022.
Extensive 5G Network Coverage
The largest 5G network in the country will have 99% nationwide population coverage, ensuring that people have access to high-speed connectivity no matter where they are located.
COSMOTE Achieves 99% 5G Population Coverage
Today, COSMOTE has surpassed the 99% population coverage of its 5G network nationwide, achieving its target earlier than expected. This milestone makes COSMOTE the first company to offer a commercially available Stand-Alone 5G network in the country.
Advancements in 5G Technology
After introducing the first 5G network in Greece, COSMOTE has taken another significant step in the mobile industry by launching the COSMOTE 5G+ network. This evolution of the COSMOTE mobile network, based on Stand-Alone 5G technology, offers even more capabilities, bringing consumers and businesses closer together.
The Gigabit Society
The population coverage of the COSMOTE 5G+ network is already at 50% and will be expanded to even more areas throughout Greece, aiming to reach 60% by the end of 2024. Access to the COSMOTE 5G+ network is available to all COSMOTE subscribers, individuals and businesses, regardless of their voice plan (contract, prepaid, or postpaid). The only requirement is to have a device certified for the COSMOTE 5G+ network and be in an area covered by the COSMOTE 5G+ network.
Significant Advantages of the COSMOTE Network
The high performance of the COSMOTE network has brought significant improvements to the way people communicate and access information. With the expansion of the 5G+ network, more users will be able to benefit from faster speeds and better connectivity, enhancing their overall digital experience.
COSMOTE: Best in Test for the 10th Consecutive Year
COSMOTE’s mobile network has once again been recognized for its outstanding performance, receiving the “Best in Test” certification from the independent telecommunications measurement organization, umlaut, for the 10th consecutive year. This achievement is a testament to the network’s reliability and quality, with only three networks worldwide managing to maintain such high standards for a decade.
Not only did COSMOTE achieve the best overall performance in Greece, but it also excelled in individual evaluations of mobile data and voice services. Additionally, COSMOTE was awarded as the “fastest mobile network in Greece” for the 8th consecutive year, solidifying its position as a leader in the telecommunications industry.
The Year of Fast Internet Speeds
According to Speedtest® by Ookla®, the leading global company for mobile internet measurements, this year has been a great one for fast internet speeds. Ookla’s data shows that COSMOTE has maintained its strong position compared to its competitors, with subscribers enjoying nearly double the average download speeds.