Panafon Hellenic Telecom Co S.A.
25 February 2000
PANAFON ANNOUNCES THE LAUNCH OF A NEW SUBSIDIARY: PANAFON
SERVICES
PANAFON Hellenic Telecommunications S.A., the leading
provider of mobile telecommunication services in Greece, has
established a 100% owned new subsidiary: 'Panafon Services'.
The new company's scope of business is to consolidate
customer services of Panafon's distribution network as well
as leverage existing Information Technology expertise to
launch and promote new state of the art products and
services.
More specifically Panafon Services will incorporate under
one umbrella, the current Panafon Customer Services and that
of its Service Providers, to achieve premium quality of
services and benefit from economies of scale.
Additionally, all the existing Information Technology
expertise* of Panafon will be integrated into Panafon
Services, to further develop and market new products and
services. Particular emphasis will be given to the
promotion of existing and the development of new state of
the art Information Systems such as MIS & Datawarehouse
products as well as Services, such as Billing Services
Bureau & outsourcing, both in Greece and abroad.
Mr Gregory Anastasiadis, the Chief Financial Officer of
Panafon, who has been appointed as Managing Director of
Panafon Services commented: 'In establishing the new
company, our aim is to offer premium quality services and
state of the art information systems, while achieving
economies of scale, to further enhance the profitable growth
of Panafon Group.'
* 'Panafon Way of Management', based on first class (best in
industry) MIS. PANAFON's proprietary systems (such as
MANTIS) have been already sold to a number of Vodafone
AirTouch group companies. (Libertel in Holland, Vodacom in
South Africa and Vodafone Ltd, U.K.). Also PANAFON has
developed the IT strategic plan and a point of sale
application s/w (SMART) to Mobilrom in Romania and to
Vodafone in Hungary (Billing Services Bureau)
For more information, please contact:
George Stefanopoulos
Panafon S.A, Tel: +30 1 616 0061
Lulu Bridges
Tavistock Communications, Tel: 0207 600 2288
Nicolas Bornozis
Capital Link, Tel: + (212) 661 7566
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