Globalsat – Teleunicom Group Companies acquired the Electricity Trading License in Greece

The Group has completed the process for acquiringElectricity Trading License, gaining the opportunity to enter the electricity retail market in Greece.

More specifically, the Energy Regulatory Authority (RAE), issued a few weeks ago, its decision to grant an 100MW power electricity trading license to the Group, for a total duration of 20 years, until 2042, according to the relevant legislation. Globalsat-Teleunicom has completed the first step to enter the electricity market.

Globalsat-Teleunicom Group of Companies, is a leading distributor and merchant of technology products, home appliances and small domestic appliances in the Greek market. Ιt offers specialized professional solutions, taking advantage of new technologies and opportunities that arise through digital revolution. The Group has exclusive partnerships with leading international brands such as Samsung, Huawei, TCL and Sencor and it cooperates with all companies in the telecommunications and technology sectors, as well as with all retail networks in Greece and Cyprus. In 2020, Globalsat announced its partnership with Blink Charging Hellas and since then, as its official dealer, it undertakes the development of Blink EV charging stations network in Greece. A few months ago, through its subsidiary Retail & more, the Group announced the agreement for the reopening of Carrefour stores in the Greek market.

Acquiringan electricity trading license is part of the company’s strategic plan to expand its activities in new sectors of economy, aiming to a further development of the company in the Greek market, taking advantage of its know-how and dynamics in distribution and operation of sales.

Mr. Vassilis Papadopoulos, CEO of Globalsat-Teleunicom Group, stated: «Lately, we have started the implementation of the expansion plan of our activities, always having as our central orientation our strengthening in the Greek market. Following the completion of the licensing process, we plan to enter the electricity market and soon we will be able to announce our overall, detailed plan for our activation in a market that continues to have significant prospects in Greece».