Revenues up 3.7% for OTE in Q3

8 Nov 2019

Greece-based OTE Group recorded a 3.7% increase in revenues for the three months to 30 September 2019, to EUR1.01 billion (USD1.1 billion). Adjusted EBITDA rose 3.8% to EUR375.7 million, driven by service revenue growth and strong profitability in its domestic market. Top line sales in Romania were up 7.4% at EUR243.5 million, while revenues in Greece increased 2.2% to EUR771.3 million. In operational terms, there were 7.53 million mobile customers in Greece at the end of September, down from 8.12 million a year before, with 1.97 million fixed broadband customers, up from 1.86 million at end-September 2018. The Romanian unit saw mobile user numbers fall 9.0% y-o-y to 4.22 million, while fixed broadband connections dropped 7.2% to 1.07 million.

Greece, Romania, OTE Group