STET Hellas Launches New Bundled-Minutes Tariff Scheme; Embraces Whole Spectrum of Contract Market Segment

Business Wire, Jan 31, 2003

Business Editors/High Tech Writers

ATHENS, Greece--(BUSINESS WIRE)--Jan. 31, 2003

STET Hellas Telecommunications SA (NASDAQ: STHLY; Amsterdam: STHLS) today announced the launch of its new competitive bundled-minutes based tariff plans, offering 6 new competitive packages to cover the needs of the entire spectrum of the contract market segment.

These new TELESTET packages offer:

-- Bundled airtime ranging from 20 to 550 minutes per month, depending on the tariff plan

-- Reduced monthly charge for all customers who stay with the company for more than a year

-- Common rates for calls to all terminations regardless of operator

More specifically, the new TELESTET tariff plans are:

              --------------------------------------------------------
               Monthly fee     Monthly fee     Flat Rates    Bundled
               (1st year)    (from 2nd year)   (per sec.)    Minutes
              --------------------------------------------------------

TELESTET 20     EUR 12.00       EUR  9.60      EUR 0.0039       20

TELESTET 40     EUR 13.50       EUR 11.07      EUR 0.0036       40

TELESTET 70     EUR 16.00       EUR 13.44      EUR 0.0034       70

TELESTET 130    EUR 20.50       EUR 18.06      EUR 0.0033      130

TELESTET 190    EUR 28.00       EUR 24.64      EUR 0.0031      190

TELESTET 550    EUR 71.50       EUR 64.35      EUR 0.0030      550
              --------------------------------------------------------

With this new tariff scheme, STET Hellas solidifies its customer-centric approach and enriches its product offering to encompass the changing needs of a wider market spectrum, thus stimulating usage and securing future revenue growth.

STET Hellas Telecommunications SA (Nasdaq: STHLY; Amsterdam: STHLS) is at the forefront of mobile communications in Europe. To its growing base of more than 2.5 million customers in Greece, the company's Telestet brand stands for innovative products and services. The company's majority shareholder is TIM International NV of the Telecom Italia Group (NYSE: TI), and its stock is publicly traded on the Nasdaq and Amsterdam exchanges.