Finance
Greece's OTE Telecom's adjusted core earnings rise in Q4 on Greek operations
Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
OTE Telecom's Q4 earnings increased by 1% due to Greek mobile growth and cost control, despite a revenue drop in Romania.
(Reuters) -OTE Telecom, Greece's biggest telecoms operator, reported a 1% rise in adjusted core earnings in the fourth quarter on Wednesday, driven by growth in its Greek mobile operations as well as lower personnel and maintenance costs in Greece.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the fourth quarter came in at 344.5 million euros ($361.76 million), compared to 341.1 million the previous year.
The group's revenues in the fourth quarter fell by 2.7% to 905.3 million euros with revenue in Romania dropping 17.4% due to challenging market dynamics and the impact of a 50% mobile termination rate cut implemented at the start of 2024, it said.
Majority owned and managed by Deutsche Telekom, OTE said it aims for 2.1 million Fibre to the Home (FTTH)-connected homes by the end of 2025 and sees 460 million euros in free cash flow, 610 million to 620 million euros in capital expenditure focused on FTTH, and nearly 2% EBITDA growth in Greece through strong service performance and cost control.
($1 = 0.9523 euros)
(Reporting by Antonis Pothitos; Editing by Peter Graff and Louise Heavens)
OTE Telecom reported adjusted core earnings of 344.5 million euros in the fourth quarter, a 1% increase from 341.1 million euros the previous year.
The group's revenues in the fourth quarter fell by 2.7% to 905.3 million euros, with a significant drop in revenue from Romania, which decreased by 17.4%.
OTE aims to connect 2.1 million homes to its Fibre to the Home (FTTH) network by the end of 2025.
OTE Telecom is majority owned and managed by Deutsche Telekom.
OTE Telecom projects a free cash flow of 460 million euros for the upcoming period.
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