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.