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ALTEC S.A.

An important agreement was signed today between Tim Hellas and Alter Group of Companies

September 8, 2006

Under the frame of this agreement, it is foreseen the distribution of the Tim products and services, through Altec Group of Companies. This development is considered very important, as under the new Greek Market conditions, mobility is now connected with a new range application and not only with the traditional voice services.

Under this point of view, Altec Group, possessing the skilful knowledge, the large and selected series of products, the telecommunication net needed, as well as the cooperation with other mobile operations nets, offers to large and smaller enterprises and companies, solutions from simple home to more complicated ones.

These solutions cover successfully the even more demanding user, insuring a full and continuous technical support.



For further information, please contact: Mrs. Emilia Kritikou, Group Investor Relation Manager, Altec Group of Companies, at tel: (3010) 687-2058, email: emy@altec.gr, or our international investor relations representative, Mr. Nicolas Bornozis, President/ Ms. Pamela O'Brien, Managing Director at Capital Link Inc., in New York at (212) 661-7566. This and additional information can be accessed in our website: www.capitallink.com

     




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