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OTE grows TV business

May 12, 2021 12.16 Europe/London By Chris Dziadul

Greece’s OTE ended the first quarter with 577,846 subscribers to its TV services.

This, according to the company in its latest set of results, was 3.8%, or 21,150, more than in the same period last year.

In the quarter alone, it gained an additional 2,564 TV customers.

OTE also saw a 6.9% year-on-year growth in its fixed broadband subscriber total, ending the quarter with 2,175,820. Of these, 1,005,132 (+27.4%) were fibre.

OTE Group’s revenues in Q1 were €787.9 million (-1.2%) and adjusted EBITDA €301.2 million (+1.6%). The adjusted profit to owners of the parent amounted to €101.4 million (+4.6%).

Broadband TV News that since its sale to Orange, Telekom Romania’s fixed-line business is no longer included in OTE’s results. However, its Romanian mobile operation still is.

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Filed Under: Newsline Tagged With: Greece, OTE Edited: 12 May 2021 12:16

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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