Stet Hellas Announces New Competitive Rates For Popular Pre-Paid "B Free by Telestet" Service

Stet Hellas Announces New Competitive Rates
For Popular Pre-Paid "B Free by Telestet" Service

February 15, 1999


Media Relations:

Deppie Tzimea-Houliarakis, 00 301 618-6160
Investor Relations:

George Rallis, 00 301 618 6585

Athens -- Stet Hellas Telecommunications S.A. today announced
competitive new rates for its pre-paid service in Greece.

With a redesigned rate plan, B Free by Telestet now offers
customers lower charges for peak calling and the new off-peak rate
maintains Telestet's advantage as provider of the lowest off-peak
rate in Greece's pre-paid market.

The new per-second rates are 3.6 GRD (Greek drachma) peak and
2.7 GRD off-peak (1GDR=approx. $USD.0035).

In addition, customers now have per-second billing that begins with
the first second of the call, with a 20 GRD setup charge. Telestet's
previous rate plans contained a 30-second minimum. B Free
continues as the only pre-paid service with sender-originated Short
Message Service; customers also have 13 other value-added
services from which to choose.

A new television advertising campaign heralds the new B Free plan
and its advantages.

Pre-paid service is the fastest growing segment of the mobile
telephony market in Greece. Stet Hellas' B Free customer base
grew by 223 percent in 1998.

Stet Hellas Telecommunications S.A. is at the forefront of the
mobile communications industry in Europe. To its growing base of
more than 688,000 customers in Greece, the company's Telestet
brand stands for innovative services and the latest in
communications technology. The company's shareholders include
Stet Mobile Holdings NV, Bell Atlantic and the Interamerican Group.
Its stock is publicly traded on the NASDAQ (STHLY) and
Amsterdam (STHLS) exchanges. Internet users: Visit the Stet
Hellas web site at www.telestet.gr for more information.