Greek OTE holds steady

OTE’s TV business continues to grow impressively against the backdrop of the company’s improved financial performance.

In its home market, the Greek incumbent ended the third quarter with 320,578 IPTV and DTH subscribers, or 47% more than in the same period last year.

Meanwhile, in neighbouring Romania, Telekom Romania, formerly known as Telekom Romania, had 1,396,973 DTH, IPTV and cable subscribers at the end of Q3, up 5.8% on a year earlier.

In Romania, TV and broadband revenues were up 7% and 6% respectively, while voice revenues were 14% down in the quarter.

OTE as whole had revenues of €987.6 million in Q3 (-5% year-on-year), while its EBITDA was €367.4 million (-0.4%).

Although net income was down by 72.6% at €69.1 million, adjusted net income was 24.3% higher at €94.2 million.


Source: broadbandtvnews.com