THESSALONIKI WATER AND SEWAGE COMPANY SA
ANNOUNCEMENT
With regard to the article of December 27th, 2007, posted on the Internet and written specifically by editor Mr. Thanasis Papadis and which has been published on the web site Capital.gr, the company announces that:
According to the Foundation Law of E.Y.A.Th. S.A. (Water Supply and Sewerage Co. S.A. of Thessaloniki) (2937/2001), as it has been set forth in Article 4, paragraph 1c of its former articles of association (ΕΓΑ/606/26.7.2001) and which remains of course in force in the company?s current articles of association (Article 4, paragraph 1c), the objective of E.Y.A.Th. S.A. is, among others, to " provide telecommunications services of all kinds, especially by means of the networks of water supply and sewerage." This fact is also set forth in article 17 of the programme deal between E.Y.A.Th. S.A. and the Greek State.
Furthermore, to achieve its goals, E.Y.A.Th. S.A. may (a) conclude contracts of any kind, (b) set up companies or joint ventures or participate in ventures or joint ventures within or outside of Greece.
Within this framework, the Board of Directors (BoD) of E.Y.A.Th. S.A. decided (a) to examine the possibilities to develop the co-operations of the company, in order for the latter to participate in any legitimate way in the development of optical fibre networks within the metropolitan area of Thessaloniki, (b) to authorize the Managing Director of E.Y.A.Th. S.A. for all the relative actions. The strategic decision under consideration was issued following a report by Mr. Skodras, aiming at utilizing the advantages the company currently possesses, as he believes that it will contribute to the development of both the area and the country as well as to investment attraction.
Following its strategic decision as stated above, the Board of Directors of E.Y.A.Th. S.A. decided (decision no. 529/23-10-2007) to assign specialized company ERICSSON the provision of consulting services (drawing up of business plan) for the development of infrastructure and business activities of E.Y.A.Th. S.A. in the field of broadband. According to the subordinate planning, the business plan is scheduled to be completed within two (2) months from the plan?s commencement, which is set for January 8, 2008.
Within the framework of the BoD?s decisions above, E.Y.A.Th. S.A. examines the possibilities to develop optical fibre networks in the metropolitan area of Thessaloniki and to co-operate with telecommunications services providers; however, to this very day, there has not been any definite result. As it has been reported in our previous announcements (15-2-2007, 17-10-2006) regarding the same issue, the outcome of the company?s examinations is not and cannot be taken for granted.
According to the Foundation Law of E.Y.A.Th. S.A. (Water Supply and Sewerage Co. S.A. of Thessaloniki) (2937/2001), as it has been set forth in Article 4, paragraph 1c of its former articles of association (ΕΓΑ/606/26.7.2001) and which remains of course in force in the company?s current articles of association (Article 4, paragraph 1c), the objective of E.Y.A.Th. S.A. is, among others, to " provide telecommunications services of all kinds, especially by means of the networks of water supply and sewerage." This fact is also set forth in article 17 of the programme deal between E.Y.A.Th. S.A. and the Greek State.
Furthermore, to achieve its goals, E.Y.A.Th. S.A. may (a) conclude contracts of any kind, (b) set up companies or joint ventures or participate in ventures or joint ventures within or outside of Greece.
Within this framework, the Board of Directors (BoD) of E.Y.A.Th. S.A. decided (a) to examine the possibilities to develop the co-operations of the company, in order for the latter to participate in any legitimate way in the development of optical fibre networks within the metropolitan area of Thessaloniki, (b) to authorize the Managing Director of E.Y.A.Th. S.A. for all the relative actions. The strategic decision under consideration was issued following a report by Mr. Skodras, aiming at utilizing the advantages the company currently possesses, as he believes that it will contribute to the development of both the area and the country as well as to investment attraction.
Following its strategic decision as stated above, the Board of Directors of E.Y.A.Th. S.A. decided (decision no. 529/23-10-2007) to assign specialized company ERICSSON the provision of consulting services (drawing up of business plan) for the development of infrastructure and business activities of E.Y.A.Th. S.A. in the field of broadband. According to the subordinate planning, the business plan is scheduled to be completed within two (2) months from the plan?s commencement, which is set for January 8, 2008.
Within the framework of the BoD?s decisions above, E.Y.A.Th. S.A. examines the possibilities to develop optical fibre networks in the metropolitan area of Thessaloniki and to co-operate with telecommunications services providers; however, to this very day, there has not been any definite result. As it has been reported in our previous announcements (15-2-2007, 17-10-2006) regarding the same issue, the outcome of the company?s examinations is not and cannot be taken for granted.