Lamda Development, through its subsidiary Elliniko M.A.E., and Cosmote Telekom signed a memorandum of understanding, aiming to strengthen the technological ecosystem of The Ellinikon.
This collaboration in the telecommunications sector comes to support the implementation of the project as the first ultra-modern smart city in Europe that is designed and built entirely from scratch, incorporating innovative digital infrastructure and advanced connectivity services.
The partnership envisages the development and operation of a state-of-the-art fiber optic network, with specifications that will meet the needs of the future. This network will cover the entire development of Elliniko, offering ultra-high speeds and top-notch connectivity to residents, businesses and visitors. In addition, it will be available to all telecommunications providers, ensuring broad access and high-quality services.
At the same time, the two companies will develop joint retail services, offering fixed and mobile telephony plans, as well as pay-TV, exclusively for the residents and businesses of The Ellinikon. In addition, they will jointly offer ICT (Information & Communication Technology) solutions for The Ellinikon businesses, creating a complete ecosystem of digital services.
Odysseas Athanasiou, CEO of Lamda Development, said: “We welcome OTE Group of Companies to our joint journey to provide state-of-the-art telecommunications services to the residents, employees and visitors of The Ellinikon. Remaining steadfast in the realization of our vision for a modern and smart city, the strategic partnership with Cosmote Telekom is a milestone in this direction.”
On his part, Kostas Nebis, Chairman and CEO of OTE Group, noted: “The Ellinikon is a landmark project for the country. As a partner of choice for LAMDA Development, and as a leading technology company in Greece, we are laying the foundations on which the smart city of the future will be based – a point of reference for residents, visitors, and for future generations.”
With a vision to create new destinations and experiences that redefine the way of life in the city, such as The Ellinikon, LAMDA Development is collaborating, as he emphasized, with one of the world’s leading telecommunications groups to develop a destination open and accessible to all, with state-of-the-art connectivity and upgraded experiences.
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