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ATHENS - OTE Group, Greece’s largest telecommunications provider, reported second quarter results showing improved momentum in its domestic operations, with Greek revenues up 1.1% and adjusted EBITDA rising 2% compared to the same period last year.
The company announced that the Romanian Competition Authority has approved the disposal of Telekom Romania Mobile, with the transaction expected to close within the third quarter of 2025.
In its core Greek market, OTE saw accelerated mobile performance with service revenues increasing 3.2% and postpaid subscribers growing by 5.8%. Fixed retail service revenues returned to growth after several quarters of decline or stagnation, supported by double-digit growth in TV services and solid fiber-to-the-home (FTTH) performance.
The Group’s FTTH customer base expanded to 470,000 with record quarterly additions of 40,000 subscribers. The FTTH network now passes approximately 1.9 million homes with utilization increasing to 31%, up from 24% a year earlier.
Overall, OTE Group reported consolidated revenues of €913.3 million in Q2 2025, a slight increase of 0.3% year-on-year. Adjusted EBITDA after lease (AL) reached €328.6 million, up 0.6%, while adjusted profit to owners of the parent decreased by 7.9% to €129.4 million.
The company maintained its 2025 guidance, which includes free cash flow of approximately €460 million and capital expenditure of €610-620 million, with a focus on FTTH infrastructure expansion.
OTE Group Chairman and CEO Kostas Nebis stated that the company delivered "another quarter of solid performance and disciplined strategic execution" with "healthy financial results" in Greece.
The information is based on a press release statement from OTE Group.
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