Positive Q2 for Wind Hellas

2 Sep 2021

Greek telco Wind Hellas has reported second-quarter revenues of EUR130.3 million (USD154 million), up 5.3% year-on-year. EBITDA after lease rose by EUR2.4 million to EUR28.5 million, with a profit margin of 21.9%. The firm said that its post-paid mobile subscriber base increased 5.2% in twelve months, though it did not give full customer figures. Fixed broadband user numbers were up 1.9%. It did say that it is now providing 267,000 households with converged fixed and mobile products, while corporate subscriptions were up 2.8% y-o-y at 82,000. Wind Hellas reported total investments of EUR94.5 million over the last twelve months.

It was announced last month that United Group was to acquire Wind Hellas, with plans to combine it with its existing Greek pay-TV and broadband operator subsidiary Nova. The transaction is expected to be finalised in 2022, subject to regulatory clearance.

Greece, Wind Hellas