ECONOMY

OTE intends to abandon HellasSat

Hellas Sat, the Greek satellite launched from Cape Canaveral in 2003, risks losing its owner, OTE telecom, as a customer.

The Greek telecom giant intends to start its satellite television service through Eutelsat?s Hotbird satellite, on 13 degrees east, as opposed to Hellas Sat on 39 degrees, in order to tap into the market already served by Greece?s existing satellite platform, Nova.

OTE CEO Michalis Tsamaz told Kathimerini that OTE is planning to disengage itself from Hellas Sat.