LAMDA Development, through its subsidiary HELLINIKON S.A., has signed a memorandum of understanding (MoU) with COSMOTE TELEKOM to strengthen the technological ecosystem of “The Ellinikon project.” The partnership will support the development of the project as Europe’s first fully planned and built-from-scratch smart city, incorporating innovative digital infrastructure and advanced connectivity services.

Under the agreement, the two companies will develop and operate a state-of-the-art fiber-optic network designed to meet future needs. The network will cover the entire area of The Ellinikon, offering ultra-high speeds and top-tier connectivity for residents, businesses, and visitors. It will also be available to all telecommunications providers, ensuring broad access and high-quality services.

The companies will also launch joint retail services, offering fixed and mobile telecom plans, as well as pay-TV, exclusively for residents and businesses at The Ellinikon. In addition, they will jointly provide ICT solutions for enterprises operating in the development, creating a comprehensive digital services ecosystem.

Odisseas Athanasiou, CEO of LAMDA Development, stated:
“We welcome the OTE Group as our partner on this shared journey to deliver cutting-edge telecommunications services to the residents, workers, and visitors of The Ellinikon. Staying true to our vision of building a modern and intelligent city, this strategic cooperation with COSMOTE TELEKOM is a milestone toward that goal.” 

Kostas Nebis, Chairman and CEO of the OTE Group, said:
“The Ellinikon is a landmark project for the country. As LAMDA Development’s partner of choice and as Greece’s leading technology company, we are laying the foundations on which the smart city of the future will be built—a point of reference for residents, visitors, and generations to come.”