Wednesday, November 30

OTE's Masterful Masterplan

Recently the Greek National beauracracy called OTE agreed a plan to remove several thousand of it's underworked employees by offering specially enchanced early retirement packages worth, on average, 250,000 Euro per person. This is so the Govt can then continue with it's plan to part privatise OTE through attracting foreign investment interest, knowing no sane, sleek, service-orientated, overseas business would otherwise touch OTE with a barge(or telephone)pole. I'm all for this, though I did gawp somewhat at the price tag attached to the plan - about 1.6 Billion - yes, I said Billion, Euro in total. Unsuprisingly, the offer from OTE was vastly oversubscribed as some several thousand employees allowed themselves to be crucificed on the cross of progress and privatisation, no doubt happy in the thought they could wrap their wounds afterwards in one-hundred euro notes.
Personally, I hope the local manager from my village OTE office in included, though I suspect he may have found is desperately difficult to mobilise getting up from his desk and giving anything more than his standard shoulder-shrug, his normal response to any of my (several) complaints to him. If I had the money, I would personally pay him off, too.

Then, when I had spent most of the weekend not enjoying television, a film, a book, or friends, but instead desperately and repeatedly trying to connect to the internet to keep my business-server up and running (and after calling OTE's 24 hour service lines only to find...errrr...they couldn't do anything's the weekend and nobody was there)I wake to the announcement that, in a bold masterplan to drive greater penetration of broadband through Greece, OTE are intent on hiking dialup access prices by up to 500% on existing user connections. Before broadband access is nationally available. In a country where Internet access costs are already the highest in Europe and Internet penetration is already the lowest in the EU.

Now I don't pretend to be a great business strategist. Or a great anything. I have difficulty just spelling business startegy. But even I can see the basic flaw in this Masterplan. Perhaps they know something I don't. Or, perhaps, they ......just don't know. Or, perhaps, they're just greedy and ensuring their locked in bonuses delivered on future profitability are more certainly going to be achieved. Well, I hope they don't go internet banking to check them.

And check this from a recent web post: In a reference to Armenia the organization's report says Armenia is one of few former Soviet republics where the government does not censor the Internet, but it says the government is slow to secure Internet development that still remains inaccessible to the overwhelming majority of population. The report says high Internet connection price and its poor quality remain major obstacle to its development. "The reason is the Greek OTE that has a 15 year monopoly in Armenia's telecommunication market," it concludes.


Anonymous Anonymous said...

I totally agree with you, it's criminal how they are handling OTE but good news for the rest of the oublic sector. We hope.

17 December, 2005  

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