Greek telecoms group OTE's core profit boosted by mobile and fibre growth

Hellenic Telecommunications Organization SA

29/07/2026 08:39

July 29 (Reuters) - Greek telecoms group OTE OTEr.AT reported a 3% rise in second-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) after leases (AL) to €343.3 million ($391.16 million) on Wednesday, driven by continued momentum in mobile, fibre, fixed wireless and television services.
     
The group reiterated 2026 guidance, forecasting adjusted EBITDA (AL) growth of about 3%, free cash flow (AL) of about €750 million and capital expenditure of about €600 million.
Second-quarter revenue was little changed at €855.8 million.
Mobile service revenue grew 2.3%, with record post-paid net additions of more than 62,000 customers and year-on-year subscriber growth of 8%.
The group added a record 62,000 fibre-to-the-home (FTTH) customers in the quarter, expanding its customer base to 687,000.
FTTH network coverage passed 2.2 million homes, against 1.9 million a year earlier, while utilisation increased to 41.7% from 31%.
     
($1 = 0.8777 euros)

(Reporting by Antonis Pothitos
Editing by David Goodman
)
((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))