ECONOMY

NBC signs TV deal with OTE

NBC Universal Global Networks has agreed to provide Greece’s largest telecoms group, the Hellenic Telecommunications Organization (OTE), with content for its IPTV service in a one-year deal announced yesterday. No financial details concerning the agreement were provided. «This is a very strategic agreement for OTE. We are entering new areas in relation to content and entertainment,» said Panos Sarantopoulos, OTE’s general director for residential customers. IPTV (Internet protocol television) is a system providing digital television over a network such as a broadband connection. OTE’s IPTV product was launched in February and operates under the brand name Conn-X TV. NBC Universal Global Networks will provide OTE with its Universal Channel, available in 18 countries, which shows movies and series from distributors such as 20th-Century Fox Film Corporation. OTE infrastructure that supports Conn-X TV is expected to reach 60 to 70 percent of households in Greece by the end of the year from about 50 percent currently.