Following better than expected results in the first nine months of 2006, Greek mobile group Cosmote has set new financial targets for the period 2007-09. For 2007, it aims for revenue growth of over 30%, EBITDA growth above 15% and capital expenditure of EUR450 million. For the three years to 2009, the combined annual growth rates for revenue and EBITDA are expected to exceed 15%, with capex expected to decline by 10%. Last week the operator reported that its nine-month revenues climbed 26.2% year-on-year to EUR1.63 billion, while EBITDA rose by 12.9% to EUR643.1 million. Cosmote, 67%-owned by Greek incumbent telco OTE, has mobile operations in Greece, Bulgaria, Romania, Macedonia and Albania.