that would arise in the Greek telecommunications market, however the group will not act with precipitation, according to the president and CEO of the company Nassos Zarkalis.
Mr. Zarkalis described the company’s new operating framework, announcing a three-year investing plan worth EUR 300mn, and declare himself pleased by the company’s course, as it maintained a market share greater than 20%.
He also referred to the tough conditions of the telecoms sector, with revenue declined by 8% in 2009, by 18% in 2010 and already by 20% in the Jan-Feb 2011 period. Mr. Zarkalis attributed the decline to the increase of tax in mobile charges to 45% from 20%, the unprecedented competition and crisis that weighs on any sector.
Largo Limited’s head Antonio Viana – Baptista, who has invested EUR 420mn in Wind, said that he believes in the industry’s dynamics and announced infrastructure investments over the next three years, high data speed and clarified that Largo investing plan is septenary.
Antonio Viana – Baptista also ruled out the introduction of the company in a stock exchange.
source: CAPITAL
