Greece’s OTE ended the second quarter with 578,851 TV subscribers, or 2.8% more than a year earlier.
Meanwhile, its fixed broadband subscribers total stood at 2,203,809 (+5.9%), of which 1,056,210 (+25.7%) were fibre.
FTTH penetration increased by 8pp year-on-year to 48% of the fixed broadband subscriber base as a result of ongoing upgrades in the speed and quality of OTE’s service. Customers continued to migrate to higher-speed FTTC/H offerings, and the share of subscribers using broadband speeds of 100?bps or more reached 20% of all fibre connections, twice the proportion a year earlier.
OTE reached 388,000 homes passed in the first half and is on track to pass the 550k mark by the end of the year.
OTE’s revenues in Q2 were, at €827.5 million, 8% higher than in the same period last year. Adjusted EBITDA after lease was €310.4 million (+6.9%) and adjusted profit €106.5 million (+7.6%).
In his comments on the company’s results, Michael Tsamaz chairman & CEO, said: “We achieved a strong second quarter in Greece, compared with a period last year that was severely impacted by the health crisis. We experienced positive momentum across all KPIs and revenue streams, including an early recovery in visitors roaming as travel gradually resumes. Operating trends also improved in Romania, where we received conditional approval for the disposal of our fixed operations. We delivered solid EBITDA improvements in both Romania and Greece, and a substantial increase in cash flow.”.
