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Domestic business spurs growth at OTE Group

10 Nov 2022

OTE Group of Greece has recorded revenues of EUR904.8 million (USD908.8 million) for the third quarter of 2022, up 5.9% year-on-year. Adjusted EBITDA after lease rose 1.6% to EUR358.1 million and adjusted profit attributable to shareholders climbed 2.1% to EUR162.1 million. The group said that domestic growth was fuelled by buoyant mobile, ICT and TV operations, though revenues were down 5.0% y-o-y at its Romanian subsidiary.

Cosmote in Greece claimed 7.41 million mobile subscriptions at the end of September, up 5.3% in twelve months. The mobile subscription base in Romania jumped 13.3% to 4.08 million, but service revenues were hit by cuts to mobile termination rates (MTRs).

Greece, Romania, OTE Group

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