OTE dominating Greek DSL market

1 Mar 2006

Greek telecoms group OTE reported that its ADSL broadband customer base stood at over 154,000 at the end of last year, up from 44,000 at the end of 2004. The total figure includes around 30,000 wholesale accounts. OTE said it controlled 96% of Greece’s 161,000 ADSL connections at year-end. The telco’s retail broadband services are provided through its subsidiary OTEnet, which is the leading ISP in Greece. OTEnet offers dial-up and broadband internet access, IP telecom solutions, IT application development and hosting services. At 31 December 2005 OTEnet had 413,200 active residential customers using retail products and services and over 13,900 business customers. OTEnet’s revenues in the fourth quarter of 2005 were EUR28.3 million, an increase of 50.4% compared to 4Q04. The unit’s quarterly operating income before depreciation and amortisation was EUR4.6 million, up by 147.4% year-on-year, mainly due to the rapid growth of ADSL. Despite its growth in the DSL sector, OTE’s fixed lines in service have dwindled: PSTN lines totalled 4,927,622 at the end of 2005, compared to 5,078,709 a year earlier, whilst the number of ISDN 64kb equivalent connections increased to 1,369,830, up from 1,264,992 at end-2004.

Greece, Cosmote, OTEnet