STET Hellas Adds 136 New Outlets All Over Greece.

Business Editors

ATHENS, Greece--(BUSINESS WIRE)--Feb. 22, 2001

"One Way" Stores Join Its Retail Network

STET Hellas Telecommunications SA (Nasdaq:STHLY)(AEX:STHLS.) today announced that "One Way", a new technology and telecom distributor in the Greek market, has agreed to sell TELESTET brand mobile telephony products and services through its 76 privately owned stores all over Greece.

"One Way" will also market STET Hellas' products through its 60 shop-in-shop outlets inside the Radio Athinai and Kotsovolos, leading stores in the electrical goods retail market.

STET Hellas' Executive Director of the Business & Consumer Sales Division, Ms. Christina Kartsiotou, said: "STET Hellas is committed to continue to invest in the expansion of its retail network during 2001. Already our company cooperates with 7 master dealer chains and is present in more than 800 points of sale throughout Greece. Moreover, STET Hellas is taking advantage of the retail channels of the New Economy to market its services via its e-shop 'Telestet Emporio' and the interactive platform of NOVA Digital Satellite TV."

STET Hellas Telecommunications SA (Nasdaq: STHLY; Amsterdam: STHLS) is at the forefront of mobile communications in Europe. To its growing base of more than 1.6 million customers in Greece, the company's Telestet brand stands for innovative products and services. The company's shareholders include Stet Mobile Holdings NV of the Telecom Italia Group (NYSE: TI), Verizon (NYSE: VZ) and the Interamerican Group, and its stock is publicly traded on the Nasdaq and Amsterdam exchanges.