Greece’s OTE saw its TV subscriber base grow by 3.7% in 2020.
In its latest set of results, the incumbent says that it ended last year with a total of 575,282, or 20,296 more than 12 months earlier. In Q4 alone, the number increased by 12,231.
OTE says it continues to use its new OTT platform to strengthen its consumer offering. The award of the UEFA Leagues (Champions League, Europa League and Europa Conference League) broadcast rights for the upcoming three seasons strengthens Cosmote TV’s competitive positioning with highly popular content. OTE also saw its fixed broadband subscriber total grow by 7% to 2,145,485 in 2020, of which 945,088 (+27.4%) was fibre. OTE has total revenues of €3,258.9 million in 2020, down 1.3% on a year earlier. Adjusted EBITDA was €1,223.6 million (-0.5%) and adjusted profit €411 million (+5.9%).
In his comments on the results, Michael Tsamaz, chairman and CEO, OTE, said: “The continuous rollout of FTTH infrastructure, the launch of 5G services right after the spectrum auction and the renewal of UEFA Football broadcasting rights strengthen our positions in fixed, mobile and pay-television, key strategic areas for OTE. So, while uncertainty will remain as long as the pandemic is with us, we are confident that we can face its consequences from a position of strength, for the benefit of our customers, employees, shareholders and the Greek economy and society”.
Broadband TV News notes that due to its agreed sale to Orange, Telekom Romania’s fixed line business is no longer included in OTE’s results.
