Hellas Online posts 2.3% EBITDA increase on 5.4% sales improvement

21 Nov 2012

Greek alternative broadband operator Hellas Online has reported that revenues for the first nine months of 2012 rose by 5.4% compared to the same period of 2011, and reached EUR182.1 million (USD233.1 million), helping to drive earnings before interest, tax, depreciation and amortisation (EBITDA) in the three quarters ended 30 September 2012 up by 2.3% year-on-year to EUR49.5 million. The company’s local loop unbundled (LLU) broadband/telephony customer base stood at 485,563 at the end of September, an increase of 8.4% compared to the same date last year, although the total dropped by 1,950 quarter-on-quarter.

Hellas Online’s investments in the first nine months of 2012 amounted to EUR20.6 million and reached a cumulative total of EUR395.1 million since early 2006, supporting the development of a privately-owned fibre-optic network, including the upgrade of transmission infrastructure to 100Gbps. The proprietary fibre network now spans over 4,600km nationwide, serving Hellas Online’s LLU network which has access to 72% of Greek incumbent PSTN operator OTE’s fixed lines via 320 colocation nodes.

Greece, Hellas Online (HOL)