OTEGLOBE announced on Monday high performance according to its 2017 financial results. In 2017 OTEGLOBE recorded a significant 15% increase in EBIDTA, and EBITDA margin increased to 5,5% from 4,7% in 2016. International customers contributed 80% of its 2017 revenues. OTEGLOBE is the landing party in Greece for the Asia-Africa-Europe-1 (ΑΑΕ-1) submarine cable system which was set in full commercial operation in December 2017. OTEGLOBE reached an agreement with HGC in May 2017, joining forces to provide Eurasia connectivity solutions via AAE-1 and capitalizing on its investment in AAE-1 cable. The economic benefits of AAE-1 operation was recorded in 2017. OTEGLOBE is expected to increase revenue significantly from AAE-1 in the future.