What is OTE Greece?
Hellenic Telecommunications Organisation S.A., OTE Group is the largest technology company in Greece. It is one of the three largest companies listed in the Athens Stock Exchange, according to market capitalization.
Who owns Cosmote in Greece?
OTE
Cosmote
| Native name | Cosmote Κινητές Τηλεπικοινωνίες Α.Ε. |
|---|---|
| Headquarters | Athens, Greece |
| Area served | Europe |
| Key people | Michael Tsamaz (Chairman & CEO) |
| Owner | OTE (100%) |
Does Telekom work in Greece?
Deutsche Telekom is represented in the Greek market by the OTE Group, the largest technology company in Greece.
What does OTE stand for?
“On-track” or “on-target” earnings (OTE) is a term often seen in job advertisements, especially for sales personnel. It is the expected total pay, if performance matches the expected targets.
What does OTE mean in salary?
on-target earnings
We get asked about OTE all the time. It doesn’t matter if you call it on-target earnings, on-track earnings, or even on-target incentive, OTE is the expected total pay from a job that combines your base salary and the expected amount you’ll earn from your commission.
How does OTE salary work?
In its simplest form, OTE is calculated by adding together your base salary and on-target commissions. This means that if your base salary is $75,000 and your on-target commission is $35,000, your OTE would be $110,000 if you hit all your sales goals.
What does OTE mean in jobs?
If you see the phrase OTE in the salary of a job advert, it means On Target Earnings, or sometimes On Track Earnings. This means that the salary advertised is only achieved if the employee meets the performance targets associated with the job.
Is OTE on top of salary?
Is OTE on top of salary? Many employers wonder what is OTE and if it’s part of their workers’ annual salary. OTE compensation is not a part of the salary. OTE represents the total expected payout for an employee, including their base salary as well as their sales commission and/or projected bonus amount.
How realistic is OTE?
Since OTE includes a sales representative’s base salary and performance-based commissions, companies rarely guarantee specific OTE calculations. However, OTE is typically a realistic figure that’s attainable for most sales professionals on the team.
Is it hard to reach OTE?
OTE is not guaranteed If you’re interviewing for a sales job, make sure you also ask the hiring manager about average attainment. The OTE for the role might be $120k, but if average attainment is 50% of quota, the average earnings will be substantially lower. OTE shouldn’t be impossible for even top talent to attain.
How often is OTE paid?
OTE refers to on-target earnings or on-track earnings. One’s OTE is essentially the base salary a sales rep can expect to earn if they manage to achieve 100% of their designated quota. This number is usually an annual quota or figure, as opposed to a monthly or weekly number.
What does OTE mean in a job offer?
We get asked about OTE all the time. It doesn’t matter if you call it on-target earnings, on-track earnings, or even on-target incentive, OTE is the expected total pay from a job that combines your base salary and the expected amount you’ll earn from your commission.
How is OTE Group doing in Greece?
In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. It is by far the No1 in Greece in terms of population coverage, with its 4G and 4G+ LTE Advanced technology network, reaching 98% and 95% respectively.
When did Deutsche Telekom acquire OTE?
In 2018, Deutsche Telekom acquired an additional 5% of OTE as it exercised the right of first refusal to acquire 24,507,520 ordinary shares as announced by HDRAF. The first Greek telephone directory is published. The TELEX service becomes operational. The Greek long-distance telephone network is automated.
How much of OTE does Deutsche Telekom own in Greece?
After the sale of an additional 5% of the Greek State’s shares and voting rights, Deutsche Telekom’s stake in OTE stands at 30% while the Greek State holds 20%. COSMOTE completes acquisition of Telemobil S.A. (Zapp) in Romania.
What is OTE’s core competency?
Our core competency is thermoelectric products; however we serve a number of markets including the consumer, medical, industrial and military. copyright 1994 – 2012 OTE International LC. All Rights Reserved.