Reporter.gr

Greece: OTE’s CEO to meet with Armenian officials

12:10 – 15 March 2005 – OTE’s CEO will meet with the Armenian government
today, in order to discuss the fate of its 90% subsidiary Armentel. OTE has
stated in the past that is planning to exit the Armenian telecom market.

In other news, there is no further progress in the negotiations between OTE
and the Unions regarding the voluntary retirement plan and the changes in
employment status.