October 26, 2009

In its quest to build a truly international VoIP network, Medcom has been in talks with OTE, the resident telecommunications company of Greece, finalizing a bilateral interconnection agreement between the two companies.

OTE’s broadband network boasts of over 1,500,000 ADSL subscribers in Greece alone. As a telecommunications operator, OTE offers a powerful presence in the Balkan region, with a footprint that includes routes in Romania, Serbia, Bulgaria and Albania.

Medcom executives report that terms have been settled upon, and final technical stages of interconnection should be complete by mid-November.

The interconnection will make Medcom’s valuable regional direct routes throughout the world available to OTE, while opening up Southeastern European routes to Medcom.

“We’ve already identified $750,000 per year in potential revenue based on the well-established position of OTE in Greece and Southern Europe,” said Chris Sander, Medcom’s Regional Manager. “We anticipate that this will be a very successful alliance, and we expect to terminate millions of minutes for OTE.”

As a result of this alliance, executives at QT Talk plan to focus on creating a program targeting Greek and Albanian communities in the U.S. “This is exciting for us because we’re going to be developing a whole new set of relationships in the region,” said Gary Lane, QT Talk’s VP of Business Development. QT Talk plans to advertise and market heavily to these large U.S. markets, using cable TV and print media.

Hellenic Telecommunications Organization (OTE S.A.) is the incumbent telecommunications provider in Greece, and together with its subsidiaries forms one of the leading telecom groups in Southeastern Europe. www.ote.gr